This is where the experience of your agent will be worth their weight in gold, or, where their inexperience will kill your deal.If the senior is a Fannie/Freddie loan, 99 times out of 100, excess proceeds are capped to the junior lien holder at a paltry amount, ($6K or in some cases, $8.5K) regardless of the balance of the loan.

I then was able to rent out those units much faster and better quality tenants at a higher rental, within 3 days over the longer time of 2  weeks.

Builders are incentivised at these two times by their banks to get homes sold faster to gain access to more funds. 

You believe sanding and skim coating was faster and/or less expensive than tearing out the highly textured walls and starting fresh?

Faster and cheaper than reading the books.2.a Figure out what area of investing you are interested in.

If you just want to be a boring "builder basic" flipper, use the same fixtures and finishes for years and years but if you want to set your flips apart and help them sell faster, you have to mix things up a bit and picking those finishes is TIME-CONSUMING! 

I've found that with a GC and his crews they do stuff about 2-3 times faster than the handyman and saves me a ton of trouble. 

You would make your money back faster and give you some clout to start setting up for retirement.Living with friends is always a bad deal. 

@Robert C.I specifically talked about landlording issues because in my view this website really does have a gaping flaw -- it doesn't do a good job offering quality rehab advice, and some of the people in the forums who regularly talk about their "rehabbing experiences" are probably really good at picking out the most expensive vodkas in blind taste tests but should be beaten with a good thick stick every time they get a random urge to write something about power tools.But I do think that sooner or later, you get to the right answers about LLing here at BiggerPockets, and you get to them faster than trying things out on your own and paying for your own lessons.

The more you practice, the faster you'll get a hang of it and it'll become your second nature.