Seems like a legal risk with no protection to the "Sub to" purchaser and holds no liable responsibilities the  "Sub to" agent.  

@Joshua Postthere are lots of things you can do:-talk to a lender to find out how much you can borrow-find an agent and go look at 50 potential house hacks-reduce your expenses so you can save more each month-go to all of the local REIA meetings and find out what the other investors are doingjust because you haven't bought something does not mean you are in analysis paralysis.  

It should not be considered financial, tax, or legal advice.

Nice to meet you. 

Hi, I am a newbie for real estate investment and looking to an investment club in Chicago Suburbs for networking and looking for private lenders.Someone know any club or meeting?

Just takes a while for the banks to get around to going after you.When you buy the HOA lien, you are accepting legal responsibility for all the senior mortgage loans on that property.

They can lend you up to $250,000 towards a down payment if you are a first-time homebuyer, live or work in the county, and meet their income criteria, which I believe is up to 120% of the area's median income. 

While a $130,000 property might seem appealing, managing it from afar requires careful planning, considering travel costs, taxes, and legal obligations like understanding landlord-tenant laws specific to Kansas City.

Collecting cash is something I’d almost like to completely refuse to do (not sure the legality of that one).

If the property will cash flow at a number that meets my target then maybe it's worth spending $45K to convert the unit.