Here's one of the recent updates they sent out on AB1436: VoterVoice: Stop the Government Sanctioned Rent Strike

My fastball set in the low (very low) 80s and I did not throw too many strikes.

You've already got too many strikes against it.2.

The mother is in her 60s, wealthy, and is very capable of making the payments, so we strike up an agreement.

Couple things strike me in this post:1) Best way to compete with other investors is to NOT be like other "investors".

So 2 years ago, I find a wallet in the street with some cash and a military ID.  The address on the ID wasn't local, so I really had to do some digging to fond where this person belonged. The internet gave me nothing,...

I just had a family member strike her grandmother and push her to the ground twice.

You have to strike while the iron is hot in this market.

If you can't strike such a deal, called a resubordination, you'll have three options.Pay off the second mortgage.Consolidate both loans with the second mortgage lender.Forget about the refi altogether.A resubordination is possible it takes more time and fees.  

The important thing is to learn how to recognize a good deal and always be on the lookout for one as you build up your assets and your network - this way, you can be ready to strike when the iron is hot.