Subject to seems to be more ideal to avoid any confusion over ownership, but it sounds like a pretty involved process that could cost time and money (whereas the other approach is free and simple).Any insights/advice would be appreciated!

Real estate investing makes money.

Love the STR arena of investing and providing a place where guests want to pay you their hard-earned money to stay at your place.

Quote from @Jason Wray: When you sell it just do a 1031 exchange by buying another property and call it a day, that way no taxes I actually want to use money to buy a new primary.

Use that money your saving towards deals.

Next lure in novice investors with promises they can replicate your success with little or no money when in actuality all you have to do is teach them how to buy low barrier single family homes and they will be appreciative because they don’t know any better :) All jokes aside, if you want to mentor/ coach obtain a real estate license and help investors purchase investment properties as you continue to learn the business.

They knew the laws, they corresponded with the tenants, and they sent notices and evictions.Did it cost money?

@Anna Cherubini most free systems will only offer bare bone options.Most of the systems that cost money do allow daily charges.

I'm just curious whether hard money loans are ever collateralized by anything other than the real estate being purchased.

Maybe you can be the deal-finder/house-hacker and they can be the money/qualification side.