And regarding purchasing subject to sellers, this seems to be an alternative but loaded with liability.So what is best strategy to help these sellers and long with only leasing out or option selling to possible tenant/buyer?

The phase one is checking for contaminants (not mold) at the property, connecting properties, and around the localized area to the subject property where contaminants could go down stream.

Misconception of those doing options think a seller can't sell to another buyer, they can subject to the option.

You can purchase the deed from a second lien, you will just be subject to the first.

Have your attorney create a Land Trust for the subject property.

Do you hold the DOT, is it a local Bank, or did you acquire the property subject to the DOT?

You can get owner financing, buy subject to, and a number of other low to no money down strategies.Be careful at RE seminars, most are run by gurus who prey on those looking for the "fast track" and a large majority of your book education can come from right here on BP and from reading books.

But can you dive deeper into that subject.

Is your potential tenant pool realistically limited to one very specific and small ethnic group, or is the neighborhood diverse enough so that your applicant pool is large?

Buyer to pay seller's usual and customary settlement costs to net seller $87,500.00, costs subject to buyer's approval.You can also request the HUD-1 be available the day prior to closing. :)