There is no law against getting a second lien either fixed or as a HELOC in Texas (as many believe), as we do them every day.

Most do not go past 75% and also do not allow a second lien either.

Here are my thoughts:- last dozen years have been outstanding.  

All liens will not be confirmed prior to the sale.4.

Besides, Jerry has an outstanding reputation.

Those typically seeking $30-$50k are for down payments or second position liens. 2.

Personally, I follow this standard for every application I receive:- Income of at least 3 times the monthly rent (verified through the employer)- Credit score of 580+- Rental verification with past landlords (no outstanding balances, no late payments, and the property left in acceptable condition)- No history of collections, evictions, or criminal offenses- No overdue debt (except medical debt)This process has helped me place quality tenants over the years.

It would seem like a promissory note and recorded lien might not be necessary in cases where the transaction funds in the same day.

I need to be able to understand title searches and lien searching.

Some don't like the idea of a 2nd position lien that is very small and very high on interest rate.