Fingers crossed! 

You can refinance the first trust and in the process of that transaction subordinate the second trust so it remains in second position.

@Ashley Cross thanks so much for your response!

@Dillon Hudson - It sounds like you are planning to start slowly - The best play is to buy something close so you can self manage - I would buy a house in the woodlands - opportunities pop up every day - get something small in Grogan's Mill, Panther Creek, or Cochran's Crossing - with interest rates where they are (for now) you can find decent cash flow with 20% down.  

My income streams don't cross.

Jeff Faultebaurer with Keller Williams in Montgomery county, Pa has been my go-to guy for my flips and purchases since this transaction.

I have my brand new LLC that I am using for this transaction, and not doing it under my personal name. 

Most PM contracts have a get out of jail mostly free card but this borders on gross negligence (an important distinction from simple negligence) if you could unearth that from a simple google search and you may have a case to collect. 

If you want to preserve your conventional conforming loans for other transactions, I would suggest (if you've not already) forming an LLC, transferring ownership to the LLC, sign for the new commercial blanket mortgage as a member of the LLC. 

These transactions rekindled the fire in me for paperwork and mortgage stress.