There is also an issue because the seller did not disclose that there is still existing debt on the properties, he sold them subject to that debt.

Tasty subject Dustin.

But I am open to subject-tos, lease options, and even flipping.

Real Estate is a very large diverse topic, and many of us beginners get started in Wholesaling, perhaps you should start there!

An appraisal can be done based on "as is condition" or based on "subject to improvements".

I'm seeing quite a few investors work with the owners to take over so the owner can move on, through subject-to, wrap, or lease-option deals.

The Accredited Investors subject came up.

As for GPA's I graduated from Cal State Fullerton so I'm only barely literate and no intellectual threat to anyone here or elsewhere.I'm on your side regarding the subject property price point.

TONS of free information here for every subject you can imagine and many kind and helpful members.

Hi Pete,Could you sell the property to another investor on a "subject-to" basis so that you get your down payment (assuming it's realistic) but still technically own the property?