@Gabriel Meerzo  you don't have much if any risk save a few thousand bucks.... worse case scenario the loan gets called on the sub too or alienation of title.. and if you can't refi its the seller who is going to get burned... not you... you could lose your investment but you really had no cash in it any ways. your just buying 300 a month in come and will work for that income by landlording it.

I was able to pull all my original money out and a little extra.

Also, go watch Denis Leary's documentary "Burn".  

That person will be hungry and willing to burn the time and gas showing you houses.

At first we were a little nervous because we now have two mortgages but so far it is nice to have the extra income.

Hi Everyone,I remember walking into a Agents office in Scottsdale a few months ago, and they had 3-4 people on the phone, burning through entire zip codes asking if the home owner was interested in selling. 

I would build an extra half bathroom but it would destroy the architectural integrity. 

I think i'll start paying an extra $1000/mo on it and in a couple years I should be able to get rid of it without needing to come to closing with a pile of $$.

The home is paid for but has a little over $7000 in taxes owed on the property. 3/2 with 2 extra potential rooms in a nice area.

Typically this is when seller offers to pay closing costs on REO properties (HUBZU being the primary source of this annoying process, the extra party can cause excessive lead time when minor issues arise such as closing date shift or last minute credit grant).