I have been a member for years but just an off-and-on lurker.

The result is after a year when the tax accessor associates the proper property taxes with your property, there is a decent chance you could have payment shock and your monthly bill rises significant (until you pay off the escrow account balance that is also likely causing this). 

Here's a general picture of how it works and its implications for both buyers and sellers.Benefits to the Seller: The primary benefit to the seller in a "subject to" transaction is the ability to quickly unload a property without having to pay off the existing mortgage immediately.

They were able to offer a 1st position loan based off the property and income, and the seller was allowed to offer financing, but in a 2nd position.  

I would hold off on doing anything. 

I currently also wholesale in my market and am looking for deals on my days off from my W2.

Forst off, you DO need a broker if you are going to lend, otherwise, you are likely in violation of state usury laws and other potential Federal laws. 

I usually get tipped-off to recent claim history from insurance, but that may not necessarily come during the due diligence phase so it makes a lot of sense to ask up front.

And if you get caught you can get kicked off of the program.

Are you dropping off a box of receipts or do you have everything well organized in a spreadsheet and sending that over to them?