If this is a loan on a flip or any property, make sure you have LOTS of equity cushion today, not based off ARV. 70% ARV on a rehab that fails or a market hiccup is when 2nd's make the poooof sound & disappear.A information that your are in 2nd position doesn't define the entire risk without knowing the other factors.Here are 2 examples that illustrate:example 1: $200,000 ARV Bread & butter entry level home stable neighborhood $130,000 1st TD $10,000 2nd TDexample 2: $2,000,000 ARV Luxury custom home $1,300,000 1st TD $100,000 2nd TDAre both equal in risk?

And I wouldnt go smaller tile, Id go bigger and porcelain not ceramic and be sure setter butters backs of tile.

Arlington from 85-125k should net some bread and butter rentals.  

The big snap traps placed close to walls baited with peanut butter.

I had great success with borax mixed with peanut butter in my house.

Make sure it is in the bread and butter type price range.If you lived in my area, Glenn, I would certainly take you under my wing and try to give you suggestions on how to accomplish what you want.

Photos make or break your listing and if you are not keeping up with your competitors, great photos and good reviews are going to be your bread and butter to increased occupancy. 

My personal property is in the woods and I make it a game to see how many mice I can catch at a night in the winter months with the old school snap traps and peanut butter. 

It's great to have someone from the banking side of the deal that can weigh in on related topics.I'm sure your transition to investor will come as smooth as butter, since you're already familiar with one the most important aspects, financing :)There are great, helpful people on this site and a lot of resources.

While termites won't eat through the stucco, they will eat through the polyurethane foam that often sits between the stucco and framing, especially on houses with synthetic stucco.If the stucco terminates below grade, termites can trench below the ground and up behind the stucco.