Whether you're a beginner or an experienced investor, there's always something new to discover on BP.

You probably don't have a second mortgage otherwise the second bank would have discovered the first mortgages (perhaps what happened here?).

Hey Joey, Here is my understanding of the subject:Key Components of a "Subject To" Offer:Clear Identification of Conditions: Clearly state the conditions ("subjects") that must be satisfied for the offer to be binding.

My husband discovered I had a boyfriend and refuses to pay the rent2.

Long story short - you cant just take the current effective tax rate and apply it linearly to the new price - there are fixed and variable components of property taxes so it wont scale like that. 

Discovered by "driving for dollars," the property had an ARV of $215,000 and a remaining loan balance of $86,000.

That means more expensive and less profitable and, personally, I wouldn't invest there because of the sargassum issue but you might care less about it because of the lifestyle component in your case.4.

I don't know if I agree with your philosophy about maintaining some components and others not.

I like the operating-holding strategy, but the only side of that which is simple is the operating component.

Mortgage brokers are probably the most critical and least celebrated component to any RE transaction utilizing third party financing.