Pretty good for landlords long as you play by the rules.

This comes into play because then your agent probably has a good idea if the agent on the other end of the deal is someone who is truthful, or a ********ter.

Since no one else has chimed in on this I will play advocatus diaboli here since it’s a topic I feel strongly about.

Alternatively there are several 'plug & play' national brokerage that allow you to work with a variety of up to 100+ banks/lenders but the challenge is again sort of being on your own when it comes to processing, disclosing and closing.

Getting creative about using your primary as a chess piece for your investment journey is just fun and probably the best way to hit the fast forward button on your investment journey (so long as your reserves and marriage are strong enough to handle it).Honestly very smart way to play out using your main property as a source of income.

I go the STR route because I have a lot of other investments in play and I can absorb if things go south.

Lastly, I would imagine that with all of the small business ownership involved, there's probably a local bank that already has a UCC filed and is unlikely to play ball with a private lender who's trying to realize their collateral.

So if you buy a 2nd position foreclosure you are responsible for the first positionWhere dates come into play a lot is liens - if the liens were filed and recorded before a mortgage they are in priority.

The financials of the property along with the applicants credit and investment history will play a role in the pricing of the loan and loan to value limits. 

That is going to play a part in leverage.