Buy on Sub2 with proper disclosures and then, rent out or seller finance with a mortgage originator RMLO looking at the buyer.

In full disclosure the tenant is a personal friend and his family.

Why have you not asked for disclosures about the loan, the balance and payments from him instead of making assumptions.

It's been extremely good to us and I'm happy to share numbers, stories, advice, etc.Full disclosure, I also help people get started in that market by plugging them into my network of off-market deals, our contractors, and our internal property management.But even if that's not of interest to you and you're planning to build a team from scratch, I'm happy to talk and offer help where I can.

Full disclosure I am an advisor for them so I am biased but it can do all of what you mention and I use it personally myself for exactly what you've outlined. 

They were pricing very well at one time even into the beginning of 2022, but when the market really started to shift near end of March and has continued to increase trend, they have not been good (FULL DISCLOSURE - I've used Velocity as one of my lenders for years as a mortgage broker). 

You can expect full disclosure and complete transparency throughout the entire process."

Full disclosure, I kind of hope they don't go elsewhere to refinance, as I would like to keep the properties as long as possible.

Most real estate attorneys don't deal with coming up with the Promissary Note and the associated required disclosures. 

For full disclosure, I am a newbie to BP and REI therefore, I would never assume to tell you where or where not to invest if it fits your criteria.