.#2 Educate Yourself with a View Toward ActionEducate yourself toward profitably investing in real estate, or else your education will turn into a hobby.Attending seminars, buying books, and watching videos can help.

Can using lease options be profitable?

I want to do an 80-10-10 loan, or piggyback loan. 80% from a small bank, 10% business line of credit from a larger bank, and 10% downpayment from me.

If there is time to make your offer you might have the title searched to make sure there are no other liens that need to be taken care of.Unless you feel that owner will not be angry if he finds out that you are assigning the contract for profit, you might want to budget for 2 closings if you feel the possibility of him being angry about you making money. 

It’s been a huge event and I’m considering a larger article on the topic.

i would ask for a larger down payment if you sell for less than asking.... i think thats only reasonable

Of the home I do not live in, I would like to create an LLC and get transfer the home from the mortgage under my personal name into the LLC with the intention of later selling the home with a 1031 exchange to purchase a larger investment property.

Is there a way to combine sub-to and seller financing to make this deal work for the seller (assuming the numbers make profitable for me to rent the property)?

That money that was set aside could otherwise be profit if I had sold the house this summer.

Your reasoning is similar to mine, I do not mind taking a $50 hit in profitability in order to compensate for other good things.