I saw this done with a mechanics lien, in CA so I don't know if it applies.

@Karen Margrave The term "licensed" or "unlicensed" can absolutely apply to contractors.

I'm waiting to apply for the state exam and am new to the site.

All the proceeds from the note sale plus the cash down received will be the net proceeds of the sale that are applied to your replacement property acquisition.   

The some concept applies to interest rate although less so.

is it as simple as working into any bank and apply?

Owning Property" is sometime loosely applied.  

However, they're just letting you know that IF someone is a Service Member, the Service Members Civil Relief Act (SCRA) could apply and affect the ability to do things like evict, foreclose, etc.

I want to be a successful young head turner in this industry while still applying the utmost ethical practices.

Each deal I do, the NW impact is always considered in the short term but I've never applied the impact to long term retirement goals and costs associated as we age.