@Logan LehmkuhlAs @Scott E. mentioned, there's a lot of really good information on BP lately for Subject To.Here are some considerations for buying sub to- Subject to can be an awesome strategy BUT if structured incorrectly there could be serious ramifications for both you and the seller.

Lower income folks are leaving as taxes are rising.3) Why is there so much new commercial development happening in the loop, north-side, south loop, and surrounding burbs?

Take into consideration the age of the carpet you can only deduct a portion from the security deposit depending on how old it is.

But certainly a consideration. 

If she pay it would be considerably less that what she pays now

However, on the first increase with these people, I'd consider keeping as many as you want on a monthly, even if they aren't paying that monthly premium because you really don't actually know them yet, and you might want to have the ability to remove them in 30 days if you wanted, versus being locked in with a bunch of someone else's tenants.The last, perhaps main, consideration would be to make sure you're not eliminating all your cash flow if everyone was mad at your increase.  

After renting it for a year and a half at $1,250 a month I turned roughly an $80k profit taking into consideration maintenance and holding.

I think prices are high on just about everything and with rates rising I am looking to pay down debt and stockpile cash.

Good call I was looking at it from a standpoint of buying and flipping, but I do need to take in consideration that I might have to rent it if it doesn't sale.

We currently rent in CA, but want to buy a place so that we begin to pay down principal, accrue tax benefits, and lock in a monthly housing payment in a rising rental market.