@Rodney Kuhl The whole point of buying sub-to is to NOT have to get your own financing.

:If the hardwood floors are that stained and saturated, you will be removing not only the finish floor, but likely the subfloor and maybe any drywall on the ceiling below.That's the issue and the secret to hardwood floors, the cat urine isn't just soaked into the wood, it's under the wood if the house is new enough to have a sub-floor under the hard wood.

If you take this property sub to then you are inheriting that overvalued mortgage payment.    

I am sure there are some commercial outlets that allow it for some of the higher price points, but at least in the sub <$1M range I have not found a ton of luck.

I've used a CA corp with sub-S election and THT's for years.

Also involved in a personal residence you would make different choices on how much to invest into things like fixtures, flooring, paint color/quality etc etc etc vs what you would choose for a rental which most often are less expensive materials and really not custom in any manner shape or form, so your "home" for a couple years might have all kinds of more expensive inputs and then end up as a rental unit later which may or may not be a good use of money after all.

Some of my subs come from san diego working in LA, some are from orange when I am working in SD.

@Ethan Simcox  I would see if you can get pre-approved for sub 50k loans and you will be able to use that money as a done payment for at least one house. 

The utilities are something that maybe able to be sub-metered as well; but something to look at to increase your potential income for the property.

Those who focus on their product find lots of customers wanting it.