From my little understanding on the subject, the attorney will go after anyone and everyone they can to get the most money.

If the law does clearly allow me to operate a small lending operation without a licensed MLO and a licensed lending operation, does that also mean that I am not subject to any of the other rules that apply to licensed lenders?

What are some possible objections to the success of our methods like L/O, Assignments, or Subject to? 

The interiors are frequently in worse shape than the exterior, and BPO agents make the assumption that interior is the similar condition as exterior. 

Your question is if the sellers subordinates to the HML so you can get rehab funds and said lender wants to be in first ( demands) and your seller is in second ( subordinated) if it goes TU what happens to the Seller's subordinated interest.I think that is what your trying to say.Well the seller ( who has a subordinated interest) is in second position if the first forecloses the second ( seller ) needs to cure.. either pay it off or pay the payments. this would mean you defaulted as the buyer .. they keep first current and foreclose on second they end up owning the property subject to the first.. and you are out in the cold.Very dangerous position for a seller. one I would never personally do or recommend unless seller is very cashed up and can easily take project from you and pay HML off in cash.the most dangerous lending position is subordinated loan to FTD construction loan does not get much riskier and if they go to an attorney for advice I highly doubt they will do the deal.

It's unlikely this will be subject to capital gains as your intent is to flip it.  

For example:ARV on subject property is 100kTo fully take advantage of Cash out Refi.All costs associated with property should come under 70k to recoup initial equity.  

I have a frequent flyer card with this company - I've installed one new furnace, two new air conditioners and had a blower motor repaired with this company.  

My stepdaughter lives in Macungie with her mom so we're out in that area pretty frequently.  

Wholesaling formula is 70% of after repair value minus repairs minus your feeYou might consider doing a joint venture with the seller where you buy subject to the existing financing, use private money for the repairs, give them a note for their equity after you subtract real estate commissions and closing costs repairs and your fee of 10,000