I know you have lots of frequent flyer miles  :)....

Would that cause any challenges for the person who is buying subject to?

It's a broad subject and everyone has heard a horror story, especially in the wake of the recent 'great recession'.  

Any info on this subject would be greatly appreciated.

Hello all,When you purchase a house by having the owner assign their mortgage over to you "subject to", how does that affect the seller's credit?

You want your S-corp. to be your management company because you don't want your losses from the ownership of the property to be suspended in the Corporation, but the income from the management fees are ordinary income and are not subject to SE tax.

What he'd like to do is borrow against the subject property, taking out some funds for repair.

I've been looking into buying some section 8 rentals lately and I found a great book on the subject "The Section 8 Bible " available at www.section8bible.com Its a little expensive but it had alot of useful info in an easy to read format.

Keep on subject.

when i brought up the subject of having the other personal mortgage for my personal home - it was played down, but i knew somewhere in there, that you have to sign something stating that none of the inquiries have resulted in other loans.