@Kenneth GarrettEvery thing I have read about subject to sounds like the seller wont get anything cashwise until the sale/refi if at all.

I would appreciate if anyone who dealing or dealt with larger scale projects will advise me on this one.Now to the facts:Property type: ChurchProperty cost: $200k Development costs: $2.1M Number of units: 24 Average rent income per unit: $2,000Estimated total investment costs (including unforseen situations security): $2.8MEstimated annual total income: $576,000Estimated annual expenses + vacancy loss: $176,000Estimated net annual income:$400,000Estimated net ROI:14.28%Estimated time to end project:2 years ***The Property is located on a prime location in WB, PA***There are different sources of funding that I'll have to use for this project, which I guess it'll have to be a cash investor funding combined with banks / lenders money, so obviously I wont be a 100% shareholder.

The bottom line is they wont accept lowball bids, they will just wait a set period of time, lower the asking and then wait longer, lower the bid etc.

It also has the rules, must pick up doo doo in the yard, not destroy anything, no barking and disturbing neighbors, have rabies and other shots, etc. 

They wont all be home runs especially starting out but you have all the wealth building benefits of real estate with loan paydown, tax benefits, appreciation.

And most wont let you account for it until you have 2 years of landlord experience.

For example, there are trust companies that will not allow you to be the "Manager" of the IRA LLC which pretty much destroys the whole concept for most people.  

She was the same caseworker that vouched for the tenant knowing that she destroyed the previous landlords home.

It's so unfair and a terrible situation for this elder couple to be in as the owner, and still to have their property destroyed on top of that... 

@Madison Heck i would do a HELOC as you wont have to pay it back when its unused.