If you get greedy and put #3 in front of #1 or #2 you can get burned like any other market. 

I was burned out on renovating the property. 

Burn em.

The overall LTV (including all 3 mortgages) will be key and your selling point will need to be that the 2nd mortgage ($8k) will burn off in 2.5 years (based on your surprise that it was even out there, I'd recommend that you follow up in 2.5 years and ensure that it's been satisified, so that it doesn't surprise you again in the future).Does the $8k grant vest over the 5 years? 

Once the interior was stripped and the infrastructure tested, I brought in commercial contractors to handle critical systems like plumbing, electrical, roofing, and HVAC installation.The house, built in the early 1900s, was originally a coal-burning residence.

But a few guests are going to burn you.

One of them caused an electrical fire and burned out an outlet.

I know in business that every dollar counts but is it worth it to burn a relationship? 

Everytime I've been burned they talk a great game up front.

@William Burns let us know if we can assist further:)