The note from the first seller is only $88,600 so you have more than enough equity remaining to place it in second position which leaves $61,400 in equity on the new property or about 4%.The first seller continues to receive payments and has sufficient collateral to cover the note. 

They get a higher return since they are covering housing cost, have the $250k per spouse primary residence deduction in gains, is a savings account, higher leverage position, lower interest rate possible, will pay more premium for location, etc.House might be overpriced for REITs but not for home owners.  

Partner Driven fully funded the transaction, covering the $17,000 purchase price.

So now we cover utilities for both units and the new tenant pays a higher amount too on the back unit to cover all the utilities with a great profit.  

Insurance doesn't cover anything anymore and we can almost just pay for all damages with the money we spend on it! 

.#1 Please share the best general coaching program that covers all the Real Estate Investment domains.#2 What about the best focused coaching program that covers Wholesaling.Also, is there a list where these REI coaching programs are listed and rated? 

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is expected to be higher, you may consider an umbrella insurance policy.

Consider yourself fortunate that your property is still covered by your insurance carrier.

The best option would likely be a construction loan, which can cover both the purchase of the land and the build.

Unless they cover this somehow in their contract, this is illegal.Hope this helps!