NONE of the money raised from the auction of a 2nd goes toward the payment of the 1st (that is why they call it "subject to the first")4.

I have the opportunity to help a family member be part of a joint venture with them putting the down payment down.  

@Duarte MarquesPossibly but highly not recommendedFor those with no real estate experience or experience in taking on debt, it’s not easyTo do it also with little to no down payment or reserves in most occasions will end in disasterReminds me of when in high school a friend used to let his dog drive his car.

Again, if there is a form of payment you do not accept, then I would line through it.All the forms can be edited.

But, you can go up to 65% loan to value with no reserves, or up to 80% loan to value if you have 12 months payments already in the bank (12 months reserves_.

Know that every long term lender will require a survey and if something comes up on it when you are trying to sell or refi, you could get stuck in hard money without an easy or quick way to get out.Is there a pre-payment penalty?

I forget; it was payment processing related) that required me to have a website for the business.

I have been digesting all things Real Estate so right now I am working to lower my DTI while saving at least 6-7% for the Owner Occupant down payment (to include closing cost, etc.).

Prepare financially by saving for down payments, improving your credit score, and setting aside emergency reserves.

This is from the BP rental calculator and is exactly what I'm wanting to see, just with extra payments each month.