So I am currently a senior in college and am pursuing a degree in finance.

If you buy the senior lien position all junior positions will be wiped off title.

The simplest deals will be just equity and senior debt, while the most complicated may have multiple tranches of mezzanine debt or senior debt that is later syndicated out into multiple notes.

(you decide this figure...I usually ask for 4x) times the stated rent and show no negative credit reports and co-signer must be US Citizen or legal resident.Will you deny rental if any of these are on the applicants credit/rental history:---past due rent or an outstanding balance ---prior/current landlord gives a negative reference or refuses to give a reference ---Three (3) or more 72-hour notices within a period of one year ---Three (3) or more NSF checks within a period of one year.

Assuming the note of the senior lienholder is a typical institutional note with a due on sale clause:Can the senior lienholder accelerate a loan when a 3rd party obtains title by means of a trustee sale of a junior lien?

Colorado and western investors will also perk up to this: it includes senior water rights.  

I'm currently in Korea but I am a US Citizen.

At the risk of not looking like a professional seller, you could explain the situation to the buyer and get a payoff statement from the senior mortgage with updated payment info from the automated line. 

Now U know why you do not want your kids hanging or staying in Seaside Heights, Point Pleasant and etc. with Snookie and the pedafiles and drug adicts that are in abundance you have to be krazy... or maybe more....Greedy or let's say "ETHICAL"You can network with the Doctors and Nurses of the senior developments and assisted living centers that know when their patients might be......... um checking out.

No matter how much screening you do or rules you have in the rental agreement, your tenants can be a contributing factor.I'd rather improve a neighborhood with involved citizens, grant money, the support of the city, and relationships with other landlords than have it legislated.