Banks aren't lending because they haven't trained their people to recognize risk now that automated credit scoring (fico) dictates approval.

Automate the contract process (It takes us 1 click to write a contract out of our CRM software)4.

It also grows with you quite nicely over time as well, as your business expands and you need more features, automation, and integration with other systems for mailing, texting, eSignature, etc.There are a couple of free REI app packs available that you might want to install to get started:https://podio.com/market/packs/101053-rei-quickstarthttps://podio.com/market/packs/117687-real-estate-investor-pack-by-slc 

Yes, basically, as a security type instrument or a cash asset it doesn't get the tax considerations that inventory or other property receives, the gain is recognized as it is made, the type of entity is irrelevant, it's income recognition individually or in any business entity with respect to notes.

I also feel it is successful because I have been able to automate the process in a HUGE way and manage remotely very successfully.

The security instrument is a pledge from the Borrower to the Lender of the collateral (the real property).

I am ok to see the contractor make money , but the cost savings have to be shared and the contractor should clearly educate and say that - it is a reasonable compromise and that we would save some time and also see some price saving .Coming to the point of worrying about mechanics lien and moving on . the home owner need not be always be worried about mechanics lien , its an instrument to genuinely protect contrcators who were not paid , it doent mean that every contractor can put a lien on every property .

A note and DOT may require a judicial action in some states but is usually a non-judicial process, so many investors may simply assume that in the wosrt case, a judicial process may be required and price any instrument accordingly.

What confuses me most about these second position mortgages would be who holds legal title if both the security instruments are deeds of trust?

So after a couple weekends when I didn't have spare time I decided to automate and this is when I got serious about things.