I've heard more than a few horror stories about people who lost everything doing just that. 

This is not my area of expertise, so wise people on this website will likely tell me not to venture into this!  

I live in a small town in eastern Arizona, about 7000 people, and we have a pretty serious shortage of rental properties.

The great thing about BP there are different people with different perspectives and experiences.  

I'm a full time agent and investor in the area that works a ton with VA buyers and i LOVE helping people house hack, it is definitely my favorite strategy and my passion helping people do it.

Know tons of people dropping $250k on a suv, i won't, I don't care how shiatsu on my bum it is, ok maybe I care a little lol, but point is it's only worth what it's worth, right. 

The people I know who have used him have been happy.

They are certainly around and people do not necessarily talk about them as often.  

I suggest you start out by meeting like minded people and here is a link to a local meetup in the OC: https://www.biggerpockets.com/forums/521/topics/1225233-ocre...Good Investing...

So they would first payoff the first mortgage, if there is a second then $ goes to the second and if anything above that goes to any other lienholders or the homeowner.There are a lot of people who invest in 2nd mortgages because they are cheaper than a first, but in Ohio (not sure all counties) you have to pay off the first at foreclosure so if you do not have the money to pay off the first you are out of luck.