Typically, second mortgage lien holder will foreclosures when the sale proceeds will cover both mortgage debts. 

My understanding that when a second is crammed down, as opposed to stripped, the value of the note is “crammed down” to reflect the existing equity.....the holder has to take a reduced balance, and that is all that’s owed....once that is paid you are done.

I'm currently in the middle of getting my Real Estate Agent license and hope to have it done by end of year.i was studying my Law of Contracts material and i came across the rule (537.11) that states that agents must use TREC promulgated forms in a transaction unless the license holder (me) is acting SOLELY as principal or the principal (client) requires use of another contract and/or one prepared by an attorney.  

@Brian Eastman gave a spot on answer, from my perspective as a account holder side of things. 

The right section 8 voucher holders will adhere to your rules, or risk losing their voucher.

Most buy and holders I have met are doing deals in the Shirley/Mastic area.

My husband and I are “buy and holders”, and we’ve been slowly adding to our rental property portfolio for the past few years.

You'll be wiped out by the first mortgage holder should they foreclose. 

Wouldn’t the SDIRA be doing business with the tenants/buyers and not the seller IRA holder?

Are you a fix-and-flipper or a buy-and-holder?