I could be wrong of course and I dont know what state your in.. but the redemption rights are for the owner of the property.. they would have to redeem the first and then the second reattaches if there is no redemption the second is removed from the property but the owner who lost it still owes the money on the note and the second can sue on the note for a deficiency.

-Credit Requirements: Ask about their credit requirements to see if you're a match.

.-- Of course.

Using a HELOC for Down Payment-Yes, it's an option.Some investors leverage a home equity line of credit (HELOC) to use existing home equity for investment property down payments.

I leaned the single family residences that are to my taste can only be rented to individuals with credit ratings of 700 or more.

Of course it has to work for both parties.

I was also happy with that as conventional loans at the time were at about 6%.Lowest rates possible will be in relationships with private money lenders.Lowest rates in the public market will be in the form of a conventional loan.Next up you have commercial mortgages that are usually slightly higher than conventional loans but don't have as strict of loan requirements as conventional loans do.Usually a bit higher in rates are DSCR (debt service credit ratio) lenders.

Compensating factors ie. weaker credit score, weaker reserves, weaker DTI2.

It won’t affect your debt-to-income ratio and won’t affect credit score/history.

Savings, credit cards How did you add value to the deal?