He also kept forwarding me Bigger Pockets emails as examples of subject lines that got him to open the email and ammount of information that is included per email.I am still reading the book, listening to all the podcasts from the beginning, and super interested to learn more about the different aspects of real estate!  

I thought about making a subject to offer, but based on his PITI payments and the rent I could get in the area, I would be looking at negative cash flow after all my expenses.  

Since an LLC flows directly to your personal taxes all rental income would not be subject to the extra tax.  

Lee,What system do you use to collect electronically - and are you subjected to the 2-3% fees?

With this being said, of the comps you gave him/her are the most similar to your subject, then they should be used.

Following are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k SimilaritiesBoth were created by congress for individuals to save for retirement;Both may be invested in alternative investments such as real estate, precious metals tax liens, promissory notes, private company shares, and stocks and mutual funds, to name a few;Both allow for Roth contributions;Both are subject to prohibited transaction rules;Both are subject to federal taxes at time of distribution;Both allow for checkbook control for placing alternative investments;Both may be invested in annuities;Both are protected from creditors;Both allow for nondeductible contributions;Both are prohibited from investing in assets listed under I.R.C. 408(m); andNeither may be invested in your own business. 

He is acting in an investment capacity potentially subject to SEC rules.

Then there are other methods like owner financing and subject to. 

I perceive the information on this subject as such.

you can take posession subject to the existing lien.