I assume my offer is subject to inspections and due diligence, so if I make an offer, should the inspection period be on the longer side?  

Rent might not actually save you on self-employment taxes anyway since renting to your own business can be considered nonpassive...unlike renting your home, which is definitely NOT subject to self-employment tax.  

The subject says it all!

Private message me if you need any more help on this subject.  

In those situations though, I am still more partial to a subject-to deal because you actually gain title.

Control and RollWith the owner being elderly - it would be best to discuss your proposal with their personal representative or relative - shouldn't negotiate with elderly seller - you don't want anyone to think you are taking unfair advantage -Your offer should be that you will offer to purchase the property subject to an assignment to third party - you will need right of possession - a long study period.

or is subjective decision entirely based on current situation (financial, goals etc..)? 

I'm thinking of possibly buying a 3 bd, 2 bath, SF home in Mechanichville, NY but I can only do it with terms (seller finance, subject 2, or lease option) but I need your advise.

That's the difference.Frankly I'm all argued out on this subject, but the mental sparring has been fun :-) *handshake*@Radhika M.Well then, give me some negatives.

That said, she has never tried to stop me from doing it, she just has never expressed any interest and generally tries to avoid any conversations dealing with the subject.