These loans are not impossible to get but your big, nationwide players aren't interested. 

Never losing money can make people over confident and set them up for a major disaster. 

Thanks Shawn and Darren- Yeah not many will do 2nd lien, where a HELOC might (income verification again).2nd position would be ideal so that I don't have to lose 3%  & 12 years.  

Sometimes it is easier to lose a little than a bunch.  

That's right about when you're about to get burned, take a huge financial hit and most likely lose the house. 

So do the players in this market have any idea?

So what if you lose your security deposit?

you found the deal partner puts up the cash you do not have.NO HML or lender is going to go behind a HUGE first with a small second that's lending 101 of what you don't do... you could find some sucker of course that has no clue how dangerous that is for them.If you don't have friends and family reposition and post and look for equity partner.. give some upside to get the deal done.. you don't want to lose it looking for some phantom lender who is not there.

If your present circle of friends are more interested in enjoying the good life day to day lose them quickly as they will be a detriment to your future.

But once you get one, it's less likely to lose money because there is a good chance that the sale price will be higher than what you estimated originally.