I can point you in the direction of the two most knowledgeable guys on this subject ...

Also, @Brian Burke , @Bryan Hancock and @Will Barnard have all done syndications, written on them, and there's podcasts from them discussing the subject.

I have a co-worker that has a rental property in Chattanooga, TN and he wants to get rid of it. He owes approx. $130,000 and a 2010 appraisal pegged it at $140,000. Brand new roof after a storm knocked a tree down ...

I am looking at the "Subject to Deals" I have educated myself and aware of different risks specially the "due on sale clause".

Terry, how did/is the subject 2 working out for you?

Now, I'm sorry I can't direct you to a specific paragraph.There are some other aspects of posting here that I'd like to bring up, just haven't been compelled to really, perhaps I should and take it to the Off Topic forum as it would be straying from the subject here.

In a tax deed state you are bidding at the tax sale auction for a deed to the property, but that is still subject to a redemption period.

Often times you can structure a lower cash deal since they won't have to pay 10-15% selling costs or you can do subject to or a lease option assignment.Listed properties: you go door knocking on targeted listed properties, make a good presentation, and present a "Plan B" if the agent doesn't do their job and leave them with a flyer on benefits of a lease purchase and have them call you if the agent doesn't perform.FSBOs: these people want to sell their house fast and for full price.

@Aaron Corleone I changed your subject to be more meaningful.

You can purchase the property (and get the deed) subject to anything, including the 2nd lien.