Whoever records the lien first has Senior/First Lien status all other liens are Junior to the First/Senior lien.There are some Super Liens that jump in line for some states like HOA, Municipality and Tax Liens for example.Hope this helps.Jeff VIn Oregon a properly filed materialman lien is a super lien.. not sure I know any other state that is the case.. so contractors who are on the ball and go through the proper steps to have a valid mechanics pre lien .. if it becomes a lien it jumps in front and the lender will cure.. ask me how I know  LOL 

So, you're not getting the full marketing power you could, which means fewer eye-balls, less interest and fewer offers; agents aren't seeing your listing because they aren't searching in the places where you posted it; and the investors that see it posted on Zillow or Realtor.com are skipping it to find better deals -- so how is all that helping the FSBO?

I have not invested in a multifamily deal (yet), but I have been in the educational phase for a while before I pull the trigger w/ a few ex-teammates I played ball with.

You shouldnt need much, just the capital to get the ball rolling for a hard money lender, or all cash to pay for the property.

This kind of depends on your status with her...If you have to buy her out, you are in a totally different ball game and many of these financing options will fall off the table.Sorry to rain on your parade on a Friday.

I know it just takes one response to get the ball rolling!  

Many of our clients start with Turnkey to get the ball rolling, and then start building a more DIY portfolio alongside, knowing they have a more passive, reliable income source backing them up if a deal falls through.

They should be able to give rough terms (5-7 rate lock, balloon payment, amortization, LTV, etc).Lastly, mfam is a whole different ball game.

I have to find my own deals on realtor.com AND zillow email alerts based on a filter.My low ball offers are much more likely to be given a serious look because i developed a relationship with the listing agent, my best resource to take my offer to the seller and make the pitch. 

You're probably not going to end up with any cashflow, but if all the bills can be paid and you can live in one unit for under $500/month, you've likely shaved at least $1,000 off your monthly payment by renting out the other units, and can use that $1,000 in savings every month to save for the next property or make improvements to the current property and increase it's value and get more rents.The real problem with this projection is that no one has a real estate crystal ball, and far too much can happen with the economy and politics in the next 2-3 years to be able to accurately tell you what the experience will be like in Phoenix.A real easy way to experiment with this would be to look up 2-4 unit multifamily properties on Realtor.com or MLS, see what the units are renting for, deduct one of the unit's rents for you to live in, and then use a simple loan calculator to see what your monthly PITI would be vs. the gross rents.