Costs Associated with "Subject-To" Purchase?

[Jerry Poon]

I have a lead on a "subject-to" purchase where I would be taking over the mortgage of the seller. I just want to make sure I have all the closing costs accounted for so I can analyze it correctly. The last thing I want is to have a 10-15% CoC deal turn into a stinker because of thing I've missed.

This is what I have so far:

1. Closing costs (title, bank fees, etc.)

2. Inspections (general, piping)

3. Rehab

What am I missing?

Who usually takes care of and pays for the power of attorney paperwork?

On a related note, what are typical returns people look for in "subject-to" deals?