Quote from @Bill Brandt: thanks for the clarification, the parcels being sold are "better than average" the parcels being sold are on a private lane,  with mountain views,  have natural gas,  electric, fiber internet, and cell phone service available. 

If there’s an existing mortgage on the property, a subject to combined with a seller second, or a wrap around loan, carry significant risk and possible negative credit impact for the seller (and buyer).  

I am a mortgage broker in Charlotte as well so if there is anything I can do to help you out feel free to reach out!

so if you would pay $1600 in rent, but you could buy a duplex, and your mortgage is $2000, but you collect $800 in rent.definitely house hack - you're building equity AND saving money in this scenario.  

Conventional 30 year mortgage How did you add value to the deal?

My wife is interested in assuming her mom‘s mortgage.

Interest rate is at 4.75% and the mortgage payment is slightly less than the market rent in that area.

While they are paying the mortgage, continue to save for your next deal to move into bigger deals. 

When you buy a property with a existing mortgage.

With the above set-up, could I hypothecate a Note against the Mortgage and Note my LLC would have with the Borrower that would spell out the terms of between my LLC.