Some alternatives to consider if you end up with a junior position:https://www.biggerpockets.com/blogs/2872/24804-foreclosure-facts-foreclosure-from-the-2nd-positionhttps://www.biggerpockets.com/forums/41/topics/314089-auction-of-property-with-multiple-loans

@Alex SpahmanI'm in a similar position to you (Junior at the University of Iowa), and my research points to house hacking being the best way for us to get started!

Junior lineholders are generally wiped out by a foreclosure (here in CO, they have redemption rights for about two weeks after the sale, I think that's somewhat uncommon.)

One thing often missed is any junior liens/debts which need to be known about now, not at the last minute....BK doesn’t remove liens, they still have to be negotiated. 

Hi all,My name is Luke Miller, and I am a junior at the University of Iowa majoring in finance with an entrepreneurial management certificate.

@Junior Soares I'd love to hear more about the success you're having in and around Austin, TX. 

Here is the text from the bill, I do not see where SFH homes are exempted unless you live in them in some manner as the owner:(5) Single-family owner-occupied residences, including a residence in which the owner-occupant rents or leases no more than two units or bedrooms, including, but not limited to, an accessory dwelling unit or a junior accessory dwelling unit.(6) A duplex in which the owner occupied one of the units as the owner’s principal place of residence at the beginning of the tenancy, so long as the owner continues in occupancy.

The CAP was built with federal money and to get California and its many Representatives on board Arizona had to accept junior water rights--so CA gets all of its water before Arizona gets any. 

Quote from @Junior Jaquet Hernandez: Quote from @Damian Ramirez: Hello folks,My business partner and I are flying out to Cleveland today and arriving tomorrow, because of that, we are looking to connect and possibly meet up with other investors in the Cleveland area to simply network or discuss one another's ventures.

And more complication (junior class):  You do the work and invest 10% of the money.