The priority of the lien is usually determined by the filing date, not the amount of the loan.

That may pick up.Homes are sitting on the MLS longer than say those crazy days of 1-2 and you get an instant +30% appreciation with just two years of ownership.I do agree flopping is tough.

If you are the new owner(completed the purchase), then you should be able to use Rules and Regulations at the property to determine what can and can't be done and by whom.

Depending on how much is offered, 2nd liens position and guidelines, will determine if they will accept it or counter.

@Elijah Glenn, it never impresses me when I see pro forma figures that have been massaged in order to arrive at a pre-determined outcome.

Pick your poison.

(Flipper probably picked it up for 20k couple years ago and he was complaining about management too).

And then pick a couple of neighborhoods  maybe a 2 mile be 2 mile block, walk/drive them and get to know what the prices are. 

Then pick the top two or three platforms that will meet the needs of each bucket that you determine you want.

lets see no money down interest only... well that was a go to product in 04 to 06 it was called pic a payment.you get get neg am or interest only or fully amortized you picked the payment. you could do no doc just needed decent credit.. first and second  etc etc.. those loans no longer exist and for very good reason.