You are looking at anywhere from $300 to $600 an hour for junior associates. 

I like the info his law firm shares on YouTube (both principals plus some junior lawyers at the firm).Joe's/Theo's book provides a great road map which starts with your motivation, progresses to targeting a market, building a team and conduction the DD before you buy.

Remaining 50k split between senior director and junior agent.

Are you junior to all types of debt and liens in a lease?

Best of luck to you with the remainder of your rennovationBest,Junior

I get customers that do a search AFTER they already won bidding and don't understand that they didn't just win a $400k house for $25k since they just bid on a HOA lien or other junior lien.  

If there are 3 people on a team Senior director, director, junior agent the split might be like this 25,000 senior director,15,000 director, junior agent 10,000.I am a principal broker working with the buyers one on one to find a good property to buy.

After several years it dawned upon me  that the entity was only an extra expense and was feeding the lawyers, so I dumped the S-Corp and the junior LLCs and continued for decades w/o issues - - but that requires one to be extra viligant in keeping up with regulations AND to work well with people.

I think what would help me understand better would be clarity on what you mean by "behind/In Front", "Junior/Senior" "On a side note, if BofA foreclosed, they did wipe out any liens junior to them"; can you explain or give me an example of what "junior to them" means?

If the 2nd mortgage(junior lien) goes to foreclosure and there is a surplus of funds after being sold to the bidder, will the Senior lien receive any of the surplus?