I am working with a seller interested in subject 2 or a lease option for their property.

Instead it will be based totally on subject property cash flow and your FICO.  

Analyzing a subject to deal in a small central Texas town.

I work with and educate clients purchasing distressed properties not only on the black and white legal issues, but the risk/reward--if they are bidding on an auction post sheriff sale, and subject to redemption, you NEED to know if you pay auction buyer premiums, etc. and the property is redeemed, it is possible you lose money in the process.  

Hi @Michael Downs - We could talk about this subject all night.

I think this subject is relevant for starters like me so here it is: is it a good idea to turn a single-family home into a duplex or triplex? 

Anything else is subject to a city ordinance.You need to research what utilities are and how far they need to be moved to deliver service to your location.

A paid off property is not subject to market downturns or recessions like a leveraged property.

It usually will say subject to those repairs, as opposed to denied.

The cash flow from the deal should be monthly (some syndicators issue quarterly distributions) and there is typically a greater pay out at either a refinance or sale of the asset.