You're already mortgaged at 80% LTV.

Hi, do you have a mortgage for this property or bought it by cash?

I purchased a home on my own 2 1/2 years ago on a 30 year FHA %3.375 rate.

HOA fees are rough for borrowing on investment properties in this interest rate environment too.

Charge the tenants a higher rent rate and include utilities with their rent.

I am considering keeping my current personally owned home/farm and renting it as horse owner property. already completely set for 2-4 horses. my personal interest rate on the property is 2.6% and I don't want to loose it.

Since you've got a great source of income outside of that, you stand a chance, but the rates and terms you'll get from a bank or credit union for a non-owner-occupied investment property won't be as low as you think.

The house is particularly appealing to me due to the low mortgage rate that he got in 2020.My question is whether I should buy his property "subject to" or add myself to the mortgage/deed.

So if they pay more it is not that they pay over market rate.

The challenges include - Interest rates - that are as high as they have been in 20 years; property values - which have doubled and tripled in the past 3-5 years.