you can take posession subject to the existing lien.  

I am an avid reader and listener of audiobooks from a variety of authors and subjects such as Dave Ramsey, Dr.

@Corey Clem You should have a contingency in your contract that states something like "subject to inspection of all units. 

Your profit will be treated as Capital Gains.But it will be Short Term Capital Gains instead of Long Term Capital Gains because you owned the property for less than one year and a day.You will report the transaction on Schedule D, Capital Gains and Losses, and not on Schedule C, Business Income, because buying and selling one house does not make you a dealer.That means that you will not be subject to Self Employment taxes.The tax rate that you will pay on Short Term Capital Gains will be the same as your ordinary income tax rate.I hope this helps.Good Luck.Michael Lantrip

@Francois D. the more information you have on the subject the better.  

Hello,I am a 23 year old active duty service member in the San Diego area and I'm here to start gathering more knowledge on the subject of REI.

My favorite is "subject to the approval of my hard money lender".  

I'm assuming you have an LOi and your offer price is subject to your due diligence.

I can't do Subject To at this point can I? 

Mine is buy and hold so I started literally at episode 1 and scanned through podcasts subjects that relate to buy and hold.