Creative means terms vs paying cash!

I pay them by the job after the job is completed and their work has been good so far.

Its hard enough to find the "right" house to live in, but when you add factors like: foundation repair, new roof, new hvac, complete cosmetic over haul, it makes it that much more difficult.Certainly can be done, and not only that, you can find a house in Collin county off market cheaper that what you would pay retail.Its important to make sure you have a resource for properties, an investor friendly lender Ie.

With this setup, the buyer would still make the same monthly payments, but instead of stretching those payments over 30 years, they would need to pay off the remaining balance at the end of 5 years.

Some people say it’s 12 months minimum before you don’t have to pay back the grant while others say 24 months.

Cash-flow for us pays all the bills and funds our lifestyle.  

If that's what I would be getting from my sublessors (i.e.current tenants), how much rent should I pay the owner?

You typically have to pay per 30 days but I've seen that it's worth it as an extra protection for us landlords. 

It depends if you have a lien on title already (a mortgage or hard money loan), but I would either do this as a hard money refinance or a DSCR cash-out refinance to pay for the reno. 

Also, how much money do you think you'll lose if you pay their price of $98k?