There is a lot of discussion about wholesaling, rent to own, and other non traditional investing methods 

It may seem that way from afar on TV but I saw a statistic that only 6% of the structures in Harris county flooded from Harvey. 

Structure is 80-100 years old (I told you, this place is quaint). 

The main structure (4-plex) was built in 1929 and there are two additional stand-alone structures that were built sometime after that.

Both properties will need a good amount of work but they are structurally sound.

It is the results I care about not the method they use to get there. 

The maximum number of financed properties that are permitted is based on the underwriting method, as described later in this topic.

Now in terms of how the deals is structured, I am struggling to see how it benefit you.All of the 620k you'll pay will go to your land owner who bought it 900k and is now completely out of pocket while the land still carries a mortgage for 550K.I am not sure how this deal makes sense.Is there more to it?

Please give me your thoughts on this scenario and suggestions on how you'd structure the deal.  

@Jason HowellThis is the same method many Flippers use to get to their offer price.