Well,all I have is like 5-6k,and at the moment I'm trying to put a deal together through L/O or Subject-To's.

You want to make sure that if someone agrees a short sale or other deal (subject-to purchase) your position will be senior to the next buyer.Have you spoken with the present owner.

Mostly so the standard items are covered and so they are not confused or exposed to extra liability.You can note on the standard contract that the offer is subject to the items on addendum A and then supply your form with the clauses you want added.Independent of how you get to the end, make sure you read closely the full offer and understand what you are committing to do.

Like the subject says just had a question on what are the common disclosures used in Real Estate other than the TDS and NHD?

Probably not when you consider all the costs involved.BTW, the last time I saw a similar question posted from TX it turned out the subject property was a loser at the "held" price and would be more so once further encumbered.all cashall cash

It will cost you less and be much easier to maintain.There are some benefits to using LLCs beyond liability protection--namely ownership of over a certain # of properties in certain states subject you to more restrictive landlord-tenant laws if you rent them out.

Can you take it subject-to and make some real money?

I have always been told that pet deposits are NOT the same thing as security deposits and are therefore not subject to interest or non-refundability.

I purchase home Subject to and I have no problem with little to no equity.

The part of the profit equal to the depreciation, however, is subject to "depreciation recapture tax", which is usually 25% AFAIK.If you haven't taken depreciation in the past, you should refile old years to get this.