So subject to does not work for this seller and the second option you propose gets us back to him waiting a long time to get his money.I know he would not sell the property if he didn’t have such pressing need right now.

Most of newbies that has not purchased a property, has only 5% chance of purchasing, so I might just as well sit on a couch and watch tv than to spend time and money to bid on that job.

I have not thrown in other things like the cost of getting the house ready to rent, legal fees, accountant fees for filing taxes, advertising fees, costs of furnishing the house with beds, TV, maybe even cook ware or appliances, and regular furniture. 

You really need to take a step back and watch for a little bit until the right opportunity presents itself.Reality is a hell of a lot different than Reality TV... 

In an arms length deal, I'm shocked a seller would seller finance with the buyer putting "NO MONEY DOWN" All the late night real estate scams on TV were right, I was wrong.

Stay away from overpriced "get rich Quick" TV Guru's and Seminars.E. 

If you are clearing $662 a month, you are going to be hard pressed to beat that with all the other costs and time it will take to get another property online.  

Everytime I do that it reminds me that I don't really need all of those creature comforts, like tv or sofa etc.

He has an accounting background that could help us immensely and he is close enough to the area to be able to address pressing issues.

The Government press release does give a different impression than the quotes in the media articles.