Hi Brian, welcome to the BP community! 

To find out the amount of the subordinate lien through the NSP program, you’ll want to pull the title report for the property.

They could sell them to “recoup” some of the downpayment.

Personally, If I could pull out a HELOC, I would use it to fix and flip which will typically make sense as you shouldnt be keeping the money out for that long and you can recycle it or pay it back and build off the capital that you got from. the flip.

But if you’re not going to show appreciation there’s certainly no reason to shoot the messenger. 

The owner does not want to extend the debt for 30 years.

Looking to invest with Praxis, but wanting to compare their current offering with a couple more. 

@Hedman Maximus too many investors worry about DIY pennies, while losing dollars - which it seems you may be doing.Why can't you hire a PMC to handle the properties for you?

6 Mistakes Every Co-Living Investor Makes& How to Avoid Them1.

Really looking to hone in and learn how to do this better.