Seller is moving and need to sell:Residential - Single Family3/2/2 Ch/a - Good Condition1444 Sq FtAppraised for $79,000Bought for $75,900 2 years ago.Owes $73,000I want to purchase his home "Subject To" his existing financing.Option 1 - Deed the property over to me and I will assume payments on the home & rent it out for cash flow.Option 2 - I Assume his payments & rent it out for cash flow.What would you suggest that I do?

My point is you will have short term winners, long term winners and the duds that can cost you  alot of cha ching. 

@Bobby Walters The Chattanooga Housing Authority (CHA) website has a very nice collection of documents that are publicly accessible, including an Excel spreadsheet showing the Small Area Fair Marker Rent (SAFMR) by zip code.

It states that the ordinance covers:" Rental units with written or oral leases (including all subsidized units such as CHA, IHDA, Section 8 Housing Choice Vouchers, etc.)

@Todd Krzeminski I cha he an $80 MTM fee, but I also put in writing that it can only be for xxxx amount of management baths, if not they just take advantage and stretch it out for their convenience.

The day to day of dealing with leasing, maintenance, City of Chicago, and the Chicago Housing Authority(CHA).  

CHA (Chicago Housing Authority) failed some items upon inspection, which is normal, but property management has not gotten maintenance done on time so have missed re-inspections twice. 

I am currently waiting for my inspection date and rent determination from CHA. 

cha-chingg

Immediately my mind went, cha chinggg.