Since by definition the foreclosing entity cannot be a subordinate lienholder and, a subordinate lien holder is not limited to a subordinate mortgage, I'd be cautious claiming that a first mortgage holder is not subject to the rights of surplus claims by a subordinate lienholder when considering the subordinate lienholder with a subordinate mortgage lost their position of subordinate (moving the senior into that position perhaps?)

I will ask for more advice on this position in another post, but I wanted to introduce myself first. 

While others will tell you to invest.If I was in your position, I would keep the cash and keep looking for investment properties. 

Yes, and unfortunately when we research for reviews for the companies they’re not positive.

If you don't comply, you'll be held in contempt of court.At no time will the HOA be in a position to foreclose on the house or take your property (probably - doublecheck with your attorney, but here in Colorado, the HOA would not have that ability). 

With enough reps in the student rental market, there won’t be much you are unprepared for when you jump into your first deal.Best of luck young man, and keep the positive momentum going!

30 year fix would be good option,If you are looking for positive cash flow.  

My name is Lisa and I currently reside in Columbus, Ohio.I grew up watching my parents investing in RE and becoming longtime landlords and I witnessed many positive and negative experiences they went through with various tenants.

You also don't want to put your self in a bad economic position with your first property. 

I am currently working on a few construction projects for new investors, and I don't see how they can get positive cashflow on their investments.OC is a great place to live, but you don't want to strap your cash on an expensive property; and missed out on future properties when the market is more reasonable.Good luck