In the event of a default my loan terms provide me the right to advance the payments on the (senior) first and add that amount to my principal balance and accrue interest on the advance at the default rate of interest of my junior note.So assume a default on both loans-(1st & 2nd) and I advance the payments on the first loan and add that to the balance of my loan, if I had to foreclose and I wipe any junior liens to my note and I'm the only one at the trustee's sale that bids, can I just continue making the payments on the first and rent the property out, or do I have to payoff the first.  

Can I deduct the mortgage interest that accrued while it was my primary residence?

Some context from the listing that sparked my curiosity: "Home MUST be on the market for 5 days before reviewing any offers.

This post is mostly out of curiosity.

Inflation is going to drive rents up and keep your debt fixed I think I'd dump the property management frankly,  You might as well make the phone calls as opposed to the pm.gaining experience: not just operating but the financial side, depreciation losses will go against income of the property and accrue against taxes at an eventual sle (you are taxed 25% on "recapture" but overall its still a gain.

If the question is just to satisfy curiosity, you only know which is right after the fact.

Out of curiosity, why are you hesitant to share the lease?  

Your curiosity for real estate can bring up tremendous opportunities even for experienced investors 

Out of curiosity, what would your perspective on the question be if we were in a market where rates were staying roughly the same?

Out of curiosity why are you looking at builds after 1980?