The reason I bring this up is that if you are looking for just downpayment and rehab funds, but want to get a 1st lien from a hard money lender, I would vote about 90% of the time they will not allow a junior lien (which is what I would fund as a private lender since I'm one of the few that does seconds). 

Hi BP, I am looking for buying some junior lien NPNs as well as building long term financial relationships.

@Jay HinrichsYup, and this is in Monmouth so I really thought it wouldn’t be going up much at all but it didn’t make financial sense having to pay for 2 or more years of $$$$ dorms or rent for my son that transferred to WOU his junior year, so we bought a 4+ bedroom house instead!

Or with junior liens recorded against the seller's property.  

Vijay try to find a GRUNT on a commercial real estate team that is a junior agent.

@Junior CorreaI have not heard about the fee and not sure what it covers but if they spend the $9.99 tweaking/ improving their site, features and visibility, it’s a value.

You've got the main few: Seller Carryback (All-Inclusive Mortgage, All-Inclusive Trust Deed or AITD)Land Contract (Contract for Deed, Contract for Sale, Installment Sale)Lease Option (or the alternative Lease Option, Rent-to-Own)Subject-To (sub2, Assumable Mortgage)Wraparound Mortgage (2nd Mortgage, Junior Mortgage)The issue I'm having is this... what is the true purpose or usefulness of a Land Contract?

In the scenario above, the assumable mortgage already exists, so yes - the assumption is that it is in first position, and any future mortgages would be junior to it, as noted above. 

That’s correct and additionally, any SFR zoned lot can now have an ADU AND a junior ADU on it essentially turning every single family lot into a potential of 3 units (keeping in mind that if you do implement the Jr ADU, you MUST owner occupy the property), plus the city has to approve the plans inside of 60 days upon receipt of submitted plans.I’m actually speaking on a panel tonight about this in El Segundo. you can get info from bigger pockets post here: https://www.biggerpockets.com/...

Joining a top-producing team would be the challenge since the junior positions are generally filled up pretty quickly.