Subject to was a thing I had original heard about on BP podcast. It seemed unreal to me but I just had to try it. 

Months later I found a couple that could no longer afford their big house and it was burying them. When I went in I realized they maybe had $30k Equity, but would see that fly away into the breeze on market with commissions and repairs. 

I offered to take over their existing mortgage (It was adjustable!) and pay them full equity in a carry contract. If they were willing to move on for $10,000 dollars and carry the remaining $20,000 over the next 4 years... I would save them from this mortgage that was about to increase. 

I put the insurance in both our names, wrote them a check for $10,000 (all I had at the time), and executed on the sale. They went into 2nd position on the home at $20,000. 

I had been working on getting renters in there during our closing period and found a group willing to rent it. They actually ran into the previous owners on move day due to the owners taking an extra day to move out. 

I still have this rental after 2 1/2 years. It commands $3000 a month and I pay the previous owners every New Year. We are down to $10,000 on their lien, $237,000 on the note, and the house has now become dividable and currently worth about $370,000. The lot will hopefully command $70,000 in value after we pay a decent amount to divide. 

Moral of the story is, we felt like we were doing something STUPID but we just trusted in the education and made it happen. Real Estate...what a ride, huh?