He spent over $0.5m on his rehab (and that is the value reported to the state, often they spend more than reported).  

Additionally, any tips or advice from those who have navigated similar situations would be invaluable to me at this stage.Thank you all in advance for your assistance and insights!

Hey Dave — love this response and appreciate you taking the time to respond.unfortunately someone is going to have to take on the burden of improving homes, whether it is a BRRRR or F&F strategy.

You might do a search for his posts.

The "zero-down, take-over-my-2.5%-mortgage" is a unicorn example that he likes to throw out there as bait for all newbies to buy into his program.  

Thanks for the tip, I'll check it out!

He is acting as the buyer's agent in the deal since he has his license.

Zach and everyone on his team is very straightforward, helpful & responsive when it comes to making sure we were well informed on everything we were doing. 

It essentially allows them to pass the financial responsibility to someone else without going through a foreclosure or short sale process.How Banks Get Involved: Typically, in a "subject to" financing deal, the existing loan stays in the seller's name, but the deed transfers to the buyer, making the buyer responsible for the mortgage payments.

You will have to market.The company I've used charges $700 or something like that with no extra fees and are always responsive to questions.