Also has articles as well on the subject.

My take based on everything I've seen is that it would more than likely not be considered dealer status and therefore not subject to all the SE taxes.Are there other things I'm missing that would suggest otherwise? 

If your contract is subject to an o/o clause, and you are not going to occupy it, you do not have a deal.

But I really don't know much about the subject and I'm looking for advice.  

I'm not sure if buying "subject to", trying to get a lease option, or offering a lower cash price is such a good idea in this case.

The new purchase would be a commercial loan.Per guidelines, what is the minimum reserve needed on my existing properties, and the subject property to qualify for a loan?

Here is a seemingly decent article on the subject - http://houseflippingagent.com/2014/06/05/the-ohio-...Be sure to read the comments below the article citing the actual laws. 

Search for KEYWORDS: Subject to, Foreclosure, Pre-auction sales, creative finance, etc you will find several ways to raise the necessary funds to buy it for yourself at a good price that lets you control and cash flow.

(ours was, and most costs were reimbursed, after some PITA) *I later heard a flipper tell me their brand new roof on a sold flip leaked during the same storm, and they reimbursed the buyers - so I didn’t feel as bad :-/ *Delayed Xmas Flight I was supposed to fly to Phoenix to visit family the day before Xmas eve, but due to coordinating the final rehab, city inspections, furniture & personal items moving, and tenant re-move-in (touchy subject), I had to arrive on Xmas eve instead.

What steps can we take to ensure we get our money back or have some recourse if the subject does not pay us back.