People reinstate the loans and do loan modifications all the time.

The limit is "three unrelated people" and cousins are not considered related under this code.

Generally speaking if the people are clean the pets are also.

My wife and I have overhauled our personal budget to reflect the 'pay yourself first' approach (allocate in order: income comes in -> invest -> donate -> fixed expenses -> variable expenses -> fun $$).We are looking to see what experienced people generally recommend for a holding tank for that 'invest' allocation while we target our first real estate deal.What financial vehicles have you guys used that works well for this?

So they would first payoff the first mortgage, if there is a second then $ goes to the second and if anything above that goes to any other lienholders or the homeowner.There are a lot of people who invest in 2nd mortgages because they are cheaper than a first, but in Ohio (not sure all counties) you have to pay off the first at foreclosure so if you do not have the money to pay off the first you are out of luck. 

Now some people may argue higher interest rates are good, as it drives out competition on new acquisitions.

I’ve been in this space for a long time, coaching and investing, and I love helping people get started.

Some people will push to get the maximum, even if it means they may wind up with nothing. 

This forum is pretty open and people often share their knowledge and best practices, hence don't hesitate to ask any questions you want :) Good luck with your business!

In regards to your offer, I am always willing to learn more from people who've been there and done that.