I would contact an experince (in this subject town) and ask them if there is anything to look out for. 

Residential relies on comps, which are also subjective.

Take over the mortgage using Subject To2.

Yes a second can foreclose and take over subject to the first.

Only if you pay full fair market value (which is subjective, only to be known upon an open market sale). 2.

Primarily for now I'm looking for someone who can help with structuring wholesale agreements, contractor agreements, subject-to's & owner finance deals.Looking to build my team and add as many pros to the list as possible so I'm not scrambling once things take off. 

.$250k * 0.06 = $15k and since I pay investors a 6% preferred return do I pay them first $15k then distribute the remainder $11.25k in a 70/30 ratio with an additional $7.875k going to investors and $3.375 going to me.

How can I “subject to” a property with the following details:Seller is extremely motivated to move!

In my experience the process and disbursement was pretty straight-forward, however be aware that the lender usually appoints a loan consultant who is responsible for distributing rehab payments to contractor.

If so, then he can make you a 5% owner/member in the LLC (as long as this property is the only thing owned by the LLC).If not, then form an LLC to hold the property, where he is 95% owner and you are 5% owner.The LLC Operating Agreement will describe how distributions are paid.Note, giving you 5% of the existing asset could be a taxable event for you.