Also, will using an owner financed second have any effect on the ability to secure a first?

They still owe the debt of the note which is still secured.

I have secured lines of credit on each property in case I need to pull cash quickly to take advantage of an investment opportunity.  

@Russell Brazil I never was successful in getting an offer to the listing agent in 7+ days of trying. he never presented it to the seller either. seller stated the listing agent regularly sent him offers after they had expired or not at all

If their maximum bid instruction is acceptable to us, we tell the lawyer, as a courtesy, if we plan to bid higher than their bid instructions, and we immediately bid a dollar higher than their minimal bid limit when the sale comes up and the lawyer representing the foreclosure entity bids the minimum amount to start the sale.As another courtesy, I also talk to other regular investors at the sale whom I have done business with or whom I have another business relationship.

My intent is to target military people specifically who are a little higher rank, who possess a security clearance, and who are specifically here for a short term lease for school.

You didn't get a regular email notice?

One Friday at lunch I picked up The Greensheet and was sitting at my regular job desk when I came upon an ad that read: "ABC neighborhood (about 2 miles from my office, 7 miles from my home, so within my active farm), 3/2/2, $35,000, discount for cash.

A friend is providing down payment for hard money, and wants to secure it with a note in 2nd position.

I'm doing my best to secure my portfolio for the years when financing is tougher and my balloon payments become due.Thank you in advance!