Yesterday the Palm Springs City Council voted in additional restrictions on the number of bookings per year, number of permits allowed per neighborhood, and also created a new "Junior" permit which allows 6 bookings per year and bypasses the cap on neighborhood permits.Im curious if this will change anyone's strategy in the Palm Springs market or are there those of you still able to turn a profit despite the new restriction on the number of bookings?

Only those junior lienholders who were given proper notice of the sale would have their liens extinguished.

or someone that could come in and be a private lender to lend the construction funds in a junior position?

Junior Accessory Dwelling Unit.

Go to the state WEBsite for the REA (real estate agency) and they give requirements.Usually (in order):1) Need class hours from state-certified instructor2) Need to pass the test3) If first time, you'll be considered a junior and need to do some time-served under a Principal/Managing Broker (again read the REA requirements)4) After your time served, you can apply to get a Principal Broker (whatever your state calls them), get it and hang out your license as a sole practioner.

I'm a junior in high school who plans on going to college(I have a shot at a substancial scholarship), and am interested in real estate and investment.

I'm nearing the end of my junior year in high school and it's the time to start thinking about college.

it is possible the trustee may just tell the first lien holder he is released to foreclose the junior lien holder out. 

Hello BP,My name is Ryan and I'm currently a Junior in college.

And the lender may be a junior lien.