@Joe Splitrock yes I have it in my lease“Any change in occupancy will require written consent of the landlord and may be subject to an adjustment in the amount of rent”Yes to how you laid it out on late payments Roxana, ILThank you for the time and feedback, always appreciate your insight

For example, passive income isn’t subject to FICA/Medicare taxes, while earned income is.

@Trent Torzewski the best realtor is very subjective.

How can I make this a Subject To? 

It sure isn't the bank, it's the government...try getting behind on your property taxes.And on the subject of property taxes let's discuss extorting fees and bribes.  

I would acquire it subject to the existing mortgage that way you only have to come up with the amount its behind on payments ,some fees, and the cash for keys amount to the homeowners.

Second, do I acquire using a subject to or a lease option? 

any followups on this subject?

I wouldn't catch up the arrears and buy subject to the existing mortgage.  

I don't know what the other deal is, and I don't know what the owner is ultimately looking for, I am just looking for other people's experience or advice on this subject.