Every state is different and they all have different laws pertaining to this subject.

I'm just debating walking away over this DD timeframe, but thought I'd reach out to see if anyone has any guidance here.Given that the owners own some other similar properties, one of my big concerns is that they could easily be running expenses against a different business, to the benefit of the subject property. 

Any situation with any subjectivity or grey area where lawyers can be involved is a situation to be avoided at all costs IMO.

@Matt Lord, if you transfer the property from yourself to an LLC (a new entity) you are subject to the transfer tax - no way around that. 

If you have a much greater deal on the horizon, then sell the whole thing vs. subject to.My 2 cents.Rick

Who's name is the property in now, parent(s) or has it been probated and distributed to the siblings? 

.- the 50% rule and other rules of thumbs are just rules of thumbs so you can quickly scroll through a list of 50 properties and figure out if the subject property warrants further investigation.

I keep coming across deals with loans in place.However, when it comes time to make the offer, the seller always says, "I just want an outright sale and to be done with the deal."I state benefits such as this is a sale...

Is this still a subject to deal.?  

If I were to "purchase" a property "subject to" the existing mortgage, could a quit claim deed be used since the seller is in a must sell position, and if so how would you profit from using a quit claim versus signing the contract for the seller to keep the financing in their name fo 3 years?