I am looking for something with existing tenants, but had a couple questions  1.

Generally, for existing businesses, the down payment requirement is only 10% but you must occupy at least 51% of the rental space to qualify. 

What happens if a buyer buys a house subject to the existing mortgage and then defaults on the loan while its still in the seller's name?

That and a bunch of other things I guess are why we have a waiting list of applicants - referrals from existing tenants calling us up asking if we have a property we can rent to them - not even caring what side of town it is.If you have a process that explains your criteria it's not hard to turn that into stage 1 of the screening phase whereby people unlikely to qualify are identified and dissuaded from applying. 

You won't like what you see.It's is a very rare to non-existent HML that will loan 100% without a prior relationship and extensive dealings with them.

Note that this is not appreciation, it is just your hard asset retaining it's value while the money is only worth half of what it used to be.Say you then did a tax and cost free exchange of a carbon copy house across the street.

Hello I have been listening to all the podcasts (in my car/office) but not said hello yet, i'm from Washington state, even heard Brandon in Poulsbo Wa (PODUNK WA) I have had a house under contract for some time now 6 years or so, when I paid the arrears I also took 6 months off to remodeled it , (never again, learned a ton though) I obtained it subject to existing mortgage, I sold it once Lease option, got it back, rented it out about three times, I repainted the inside (third time) last week put a FSBO sign in the yard and have sold it rent to own to a nice couple with $10,000 down and $140,000 sales price. ( I meet with them this Saturday) They have agreed to $1080 per month (I didn't say anything about interest rate but i think that is about 8%.

Imagine if 20-30% of the buying transactions disappeared, and that's a good picture of what life would be like in a stricter system in those countries that you mentioned.These subsidized loans happens largely because US social policy is mostly non-existent towards public housing or rent subsidies when compared to those other home-owning countries.

This is a great idea for the San Diego area in addition to the investment clubs that already exist.  

Of course that can vary depending on maintenance costs, vacancies, and the other variables for land lording that don't exist for W2 income.