Your idea is just plain wrong man.

If you feel like something may be wrong, most likely it is. 

Because when things go wrong, they don’t just go wrong one at a time.

So now if anything goes wrong, you are not at all guaranteed to get your money back - or put another way the bank gets first dibs.  

There are people on here (BP) that say "you don't need to pay for education".Well, not only are they wrong!

There's nothing wrong with considering them along with other options, but I would be careful thinking they will get you more bang for your buck or a more honest operator.Remember: cheaper doesn't mean you'll make more money.Start by going to www.narpm.org to search their directory of managers.

I have heard of someone who would accidently have a pizza delivered to the wrong address which just happened to be the address of a property being foreclosed on so when the door was opened they could see a quick glance of the interior.

You can use HML don't get me wrong but if you just put a little bit effort in to pre-planning and getting all your ducks in a row then going with a traditional community bank would be a better option not only for your current new construction needs but also for future acquisitions.

But what is wrong with a second position lien?

Don’t get me wrong I am sure I will put my money to good use in the future, but my thoughts are if my real estate portfolio can fund my lifestyle in retirement why do I even need the additional $2.4M dollars when I turn 59 ½?