Would I be able buy this property subject-to legally using this method? 

I have an opportunity to help my sister who just received a letter that her house will be going to Sherriff's Sale. We are in PA. My question is: Can the sub 2 method still be used when it has gotten that far? I will ...

And then there was the business from posting on bigger pockets (this was back when I would post "projected rents from the subject property can be counted as income at 75% of value" and people would be amazed, lol, I also did a bunch of cash out refis for REI with >4 financed properties, right after the guideline change allowing it flew under the radars of 99% of the competition, giving me and a small minority of others a pseudo-monopoly -- know your guidelines!)

The attractions to San Diego are many, from the amazing nightlife and frequent festivals/events, to the beaches.

And that amount is frequently exempted for a few years (e.g., 5) and then is added to the assessed value.

This sounds like a great project.Recommend you pass on this deal, subject to learning more about REI. 

People who have saved, travel frequently or are just busy and have enough to worry about are a few ppl I can think of that would do this with good intentions.

They can tell you alot about the area where your subject property and they can provide CMA reports which will help you figure out whether you should pay for an appraisal.

In a deal like this, you would be looking at a subject 2 to take over his existing mortgage and some payment plan to him for his equity.

Cash out refinance will increase your interest rate and is subject to appraisal value.