I got a job as a banker, which helped me learn the lending world a bit more.

I am a New York Banker who also invests in the Atlanta area.

First property is with Quicken, so I'm trying to get personal with a local banker in Phoenix Arizona. 

(also note that I'm just a guy on the internet, not a banker disclaimer blah blah)

Courtney Bass | Coldwell Banker Res   Lic#sl3262984

For nearly a decade the US has been operating on a shower of money from the Federal Reserve and global central bankers.

Banker loans $320k sellers carry a second mortgage for the $80k Nothing down on my part.

After all, if that something goes wrong, that lender is in second position and may lose everything.But approach a banker with your idea and see what the banker says.WARNING: develop a thick skin first.

I talked with a small banker today and found out I was able to get a loan for more than I thought.

Definitely start a conversation with a good banker / mortgage broker.As for recourse, that is the state of the loan business (and in my personal opinion, not unreasonable).