@Pranita Maldikar From your report, it appears you're looking to put $119k down on this property, is that correct?

From a tax implication standpoint, it can be tricky but if done correctly, not a problem.

Quote from @Jaycee Greene: @Basit Siddiqi Just sent you a DMI read your message but I am not sure it is what I am looking for.It appears that are a mortgage broker and help investors get financing (correct me if I am wrong)I own a lot of properties free and clear. 

Oakland in general is seeing a correction in the past year, likely to continue into this year.

A CPA familiar with local STR regulations can definitely help make sure you’re set up correctly!

There are some strategies to make the numbers work in Denver, but in general, you are correct that prices make it challenging, if not impossible to make the numbers work.

Quote from @Ryan Konen: You are correct that comping software like Privy, Propwire, and Propstream primarily rely on public records for their data, such as county assessor records, MLS feeds, and sometimes 3rd party aggregators.

If created correctly, it could be sold (in full or part) to a note investor that would payoff the underlying 1st from proceeds when they bought the wrap note. 

I just re-read and realized you're talking about getting loans for lien position 2, is that correct?

So, if a loss occurs while the property is being repaired or renovated, coverage would apply, correct?