I did one of these a while back with a multifamily in Massachusetts and it got a lot of positive feedback.

I am 22 and fresh out of college working a sales position for a food company.

That being said, I do appreciate your feedback and help with this analysis.

This is a concern that I would like to get some feedback on. 

Essentially, they would be in 2nd mortgage position to the underlying 1st mortgage, but they have the right to foreclose in 2nd position if something happens to you.Happy Investing Derek Dombeck

I am looking to use the BRRR strategy so any real estate agent that has experience with that would be a definite positive in my books.

If you are not familiar with them, you need to be, but the chances that you don't already know about Don Campbell and Patrick Francey are just about nil so enough said.Durham is very much a strong place to invest because positive cash flow is still possible. 

Think of his position.

I’m sure it works that way with proper notice from the agency Prior to the sale, not positive about notifying them afterwards. 

Thanks @Sam ShuehWow, $25,000.I property purchase was a foreclosure.I think I picked up a pretty good deal in current market.I have had a number of realtors view the property, the feedback has been very positive.Location is excellent and this neighbourhood is hot, prices are moving.I have also looked at comps and anywhere from $130,000-160,000 dependent on the size of house and the quality of rehab.I have also had rental assessment come in at around $1100-1200 per monthI pretty much have now made up my mind to hold and rent this property.