So why would we buy the cash flow at a rate of 6%?

Not exactly sure what Safeguard does but if they are originating notes for owner occupied properties then they need to follow the Dodd Frank rules and anyone buying such notes should make sure they did.  

My partner know how to do it and said he could buy the stuff on the internet for $200 and we could permit it and he'd wire it.

from those I know the way they got going was to buy a 4 plex when it went up in value sell and buy an 8 when it went up sell buy a 16  then a 40 then 100 extra and you need no partners.. you grow it organically. however of course this is not pay 40k and your instantly an apartment owner..

I would prefer something I can buy once - software subscriptions are a nuisance.Something that automatically downloads transactions from my online banking portal and that can be used to easily categorize expenses for financial statements would be excellent.Thanks,KevinHi, Kevin.

Buying a turn key rental, in an area you know or knew well, with a property manager you've met and trust, in an area that is large enough for you to have other options to find contractors and property managers? 

I am glad you highlighted the management piece as this is a crucial part of buying in another market.Excited that you are stabilized and are generating cash flow on that deal. 

When someone buys a property using SubTo, does that make then legally responsible for the loan?

I think with the time you’ll spend working on this, you could find 2-3 existing parks to buy in the meantime and not need to take anywhere near the same risk  

What is your current BUY formula for properties in this market?