We invest when we run across an exceptionally good deal and it is the right time for us.

Some were specific to subject to's, others were modifications to the usual forms.1) Warranty deed - Stated deed was being given free and clear of all liens except the one left in place.2) Title insurance - Listed the existing loan to be left in place as an exception.

Mortgage has NOTHING to do with anything, except interest expense.

The paperwork is just a normal closing with the "subject to" exceptions.

I've heard that research is absolutely vital in the process, so I certainly plan on taking my time to make sure that the lien I purchase is worth it.

Unless you have an exceptional loan, the interest alone is probably more than 6% of the purchase price per year.Now, if you have just a few rentals, and you get lucky, your year by year expenses may be well under 50%, and you may think you're making money.

Very expensive (over $20K) jobs are an exception, as are long term (2 or more weeks), in which case have YOUR attorney set up a draw account and him/her disburse the funds.2.

I can do everything and just as good as a pro, or better, with exception to roofing and hvac.

Fortunately I do not have to be on a shoestring, knock-on-wood, I own a small company that is doing well and pays me about $150k per year, and I live a pretty frugal lifestyle with the exception of forking out money for my kids' education and a travel bug.

He can pretty much do everything except electrical work.