But I think, think, it might be cutting a path right down the middle between the two extremes.

It is my understanding that this is currently an exceptionally common arrangement.

Pretty common here.

So far all my properties have been financed and I never realized so many other option existed, although they seem a bit scary to me.I think my biggest concern, and I have seen its a common one, is whether or not to form a LLC. and other asset protection.

Just to add what Ty put, it's pretty common to have this with rental property that is rented as they don't want to disturb the tenants with every potential person who is interested in the property...

Like anything else, you should interview multiple attorneys to get an idea of their fees, what areas they specialize in, if they seem to have experience with contract assignments, etc and just who you get the best feeling from.We were interviewing attorneys and found one we really liked but he didn't seem to understand how subject-to deals work along with other common wholesaling strategies.

Common sense and due diligence are called for.

Which brings you to terminating the lease again.Such issues are common for small commercial leases, it's up to the owner to stay on the tenant to keep things up.

I personally find the entire concept of a HOA extremely offensive.

All of those are extremely common.