I haven't asked him how he wanted to do that, But I am guessing that approaching it as buying "Subject-To" his existing mortgage would be the best way to go?

Experienced LO's know what to ask and how to approach things usually from that same issue blowing up in their face in the past.When an application has distorted information on it, the Loan Approval, which is how they put a rate and generic terms on your loan will also be flawed.

most of the deals I'm signing are multis, under 40% ARV, Cap rate approaching/over 30%.

There are two ways to approach challenges, be proactive or reactive.

Rob - I can't believe I didn't think about approaching it that way.

I have seen a few people here discuss getting a conventional loan on a property titled to an LLC by recording 2 deeds approved by the lender, but I have not personally seen this approach executed.

Someone approached me with their property situation.

You are an incredibly patient person.

we also went with a "deposit card" approach, and everyone seems to like it.

Having one with little experience could mean screw ups and you'll be paying to fix their mistakes as they will never admit them and won't work again for nothing, least I never saw one do that.The best thing to do is approach an attorney or any professional with the costs involved in the scope of work of what must be done instead of asking how much per hour, but you need to know that too.