It's called "Subject To" but that simply means taking over somebodies loan.

Personally I like the idea of having a few properties owned outright , simply for safety / risk reduction to keep the wheels turning in tough times and there will always be tough times or massive expenses if your in this game long enough .

As the title states, I'm new to the BP community and would like to get into REI. I've been looking into wholesaling since last year, but the NYC market is just not ideal. I'm originally from Louisiana and feel I could...

Have you figured out if you'll be acquiring distressed properties and then fixing them up to rent or simply buying fully renovated homes?

I bought the single family house $50k under asking price and could sell the house now that we're entering prime listing time and i'd do for sale by owner to save on costs.

I'd recommend Stamford, simply because of the ease of commuting into the city.  

No lessor shall enter into a lease agreement with a lessee, other than a renewal lease... unless (.1) he or she provides the lessee with a valid certification..." (§ 6-803.

Originally, I had intended to simply have them transfer the deed to me subject to the existing financing or simply buy the house from them for what is owed on the house using a short term hard money loan, but the more i think about it, the more it might not be a good idea for any deed transfer.

There simply isn't.

You simply need to get an explanation.