Hans dives into his ninth subject-to deal, a St. Louis rental property acquired from an expired low-equity listing (LTV >80%) via PropStream. Purchased for $121,000 ($116,000 loan at 2.875% interest, 40-year amortization, $566/month PITI, plus $5,000 cash to seller), the property had a tenant paying $1,200/month, yielding $634/month cash flow. After $6,000 front-end costs ($5,000 to seller, $1,000 closing), Hans recouped $5,706 in 9-11 months via rent, despite an eviction. A lease option followed ($2,500 option fee, $1,100/month rent, $130,000 option price), netting $4,280 over 7 months. To avoid landlord duties, Hans partnered with a professional landlord, transferring 50% trust ownership for a $5,000 buy-in. The landlord manages tenants, repairs, and bookkeeping, targeting $1,500/month Section 8 rent, potentially yielding $734/month split 50-50 ($367/month each). Total front-end profit: ~$11,000, plus ongoing cash flow and tax benefits (depreciation).

A creative, low-maintenance strategy for C-class rentals!

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