I would appreciate this community's thoughts on these rates, origination and underwriting fees.

Purchase price: $25,000 Cash invested: $35,000 Another great rental with owner finance and private money loan What made you interested in investing in this type of deal?

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.PM us if you’d like to discuss this logical approach in greater detail!

I need some assistance with this if anyone could help it would be greatly appreciated. 

Does anyone know of any meet ups in this area?

Then my current primary home will be rented out to balance the cash flow of this purchase for the next year or so.

This house was very nice and clean (build later 1980) My tenant recently claimed there is mold on 1fl (it is like basement as there is no window, it is next to garage) When i see, the mold is not only one area but it seems widely spread on the ground floor (laundry room, wall, celiling etc) Since it is OOO investment, it is not easy to deal with mold issue.

This may help ME as a current renter which is why this caught my attention. 

All of the risks of "subject to" then come into play (with a "wrap"); read this thread:http://www.biggerpockets.com/forums/83/topics/86029-subject-2-protection-from-calling-mortgage-due

I purchased this older home last year ($120k), which appraised at $186k before closing.