That means that you'd be paying the hard money lender effectively more than your rental income.

They all are having catalytic economic effects.

Also, I suppose this type of contract should be approved by a lawyer.

Quite frankly, I wasn't even expecting to get a response so I can feel the effect already! 

@Angela Smith They said before i quit my job it wouldnt effect me getting lines or mortgages.

I was able to make an absurd amount of money by swing trading and doing a ****-load of research an i niche, highly unusual asset class (a company that effectively had a monopoly on oddly-shaped foam pieces/packaging for computer hardware during the PC boom).I was 8 and didn't know any better, so got out at 9 and saved it all.

Also, its a container manufacturer and will build the home from scratch with new materials so we don't have to deal with some negative effects of used containers. 

If there is going to be any major effect, most serious investors should welcome that.

When the title company, escrow agent or attorney prepares the closing documents, they simply factor in the second mortgage payoff amount into the final distribution of funds to the seller.A second mortgage should have little or no effect on a homeowner's ability to sell her home.

Have you spoken with a lawyer @Tyler Shew?