If your bid was on a Junior lien, this gives you the chance to see that the more senior lien(s) won’t be getting paid - you don’t want to see that ;)

Less likely that a larger bank would take notice even if they have a provision prohibiting junior liens, as many of them do.

It is not uncommon for Realtor "Teams" to have a more senior member of the team to pass on leads to junior members.

Second there isn’t a chance a lender other than a clueless private fool gave the money for the junior 25% if they were fully informed. 

Wife has a masters in engineering, son is a junior at Florida State University studying to be a Material Chemist, and our daughter is sixteen in attending college full-time.

This method also allows you to do a friendly foreclosure in the event your property owner ever gets leins or judgments in junior position behind your option which protects both of you.Lastly, there are zero rules to how you structure the terms of the option, so as long as both parties agree it can be done.

Quote from @Junior Francica: Quote from @Douglas Skipworth: Quote from @V.G Jason: Memphis is trash.

He has been in college since he was a junior in high school.

It appears that the seller receives a junior (2nd position) lien which encompasses the existing first lien which actually makes this a “wrap around” mortgage (technically), not a “subject to”, but the way it’s structured it works the same.Having a wrap DOES provide the seller with an avenue to foreclose if payments to the existing mortgage aren’t made.The fact that the buyer provides detailed information upfront and states that they are willing to consider and incorporate suggestions from the buyer that add to the buyer’s security may be an indication that the buyer is “legit”.  

I've been reading as much as I can on the subject, particularly the commercial investment/sales front as that's the field I would like to enter into, or operate primarily in, but I'm curious as to what self-education sources an ACTUAL commercial broker might suggest to a junior/inexperienced agent looking become a competent CRE sales professional in the future, without wanting to harvest a kidney in order to pay for it.