They knew they'd make some deals that weren't winners, but by the time it was all said it done it averaged out in their favor. 

Even if you could find a lender who would entertain the idea of being in 3rd position, the terms will most likely not be favorable to you.  

If you were seller, you would have acted in the same manner.Do you sue someone just because a deal didn’t work in your favor?

As I said, it was a favor for a friend.

You could buy the property "subject to" and then refinance into more favorable terms after the first year (a BRRR - Lite) type thing where you could give yourself even more margin on the monthly cashflow to extend whatever is left on the loan back out to 30.

Unfortunately you’ve chose to invest in New Jersey, a state ran by communists that heavily favor the tenants .

NOI growth in MHC has proven much more resilient than the major sector average during downcycles, while being in-line or better than average during upcycles.Lastly, a quick glance at some MHC investors and proponents:Warren Buffett is a significant investor in the MHC space, favoring the sector for its stable, predictable cash flow.

But, I favor equities over REI.

The terms negotiated with the seller were favorable for us, and the seller also got what he wanted which was a quick and easy sale.

That’s with calling in favors.