If anyone knows the Virginia market, this property is located in Petersburg, VA in case that influences your feedback.I have negotiated subject to and owner financing to purchase the deal using the following structure: I will pay $8k in cash I will take over the existing $59k mortgage payments (28 years left) of $506.70/mo PITI paymentsThe owner will wrap the remaining $8k into a second 15 year mortgage of principal only payments of $44.44/moTotal monthly payment $550/moThe Deed of Trust will transfer to me at closingI will sell the property via Owner Financing to a tenant buyer using the following structure: Purchase price $85kPay $10k downI will finance the remaining $75k for 10 years at 10% interestMonthly payments of $1000/moBuyer may cash out anytime after the first 5 yearsTenant buyer covers repair costsDeed of Trust transfers when tenant buyer cashes property outBasically this strategy is a way to get all my money invested out of the property and avoid typical rental property expenses to keep all of the cashflow.

Tampa on the other hand may be too far along in the cycle and much harder to make cash flowing investments if that is what you are looking for.

On the other hand, it might be necessary to own at least one lease to feel like a real Oklahoman.Best wishes to you.

You can do all of this simultaneously, so that when you finally have a deal in hand, you have a couple of arrows in your quiver to execute.  

The entire point of my strategy is to provide a helping hand to people who are in need.

You may need to offer cash for keys or start the eviction process if you have the foreclosure deed in hand from Sheriff’s Office.

Otherwise I’d be interested.Georgia on the other hand, you could definitely make that work.

I am a product of parents that dealt with substance abuse so I know first hand the need and have a passion to help people in this area.What are some of the challenges that you have dealt with, what are some of the most common mistakes?

I was laid off from my job recently and I'm  just tired of the 9 to 5 life and putting my financial situation in the hands of others. 

I am about to buy property pay cash,  and the seller has judgment lien in different county record (not in county where the property is i want to buy),  if i buy it  quitclaim deed  can transfer deed to my name ?