So a new lender will request the second lien (a) be paid off or (b) subordinate to the new loan causing it to fall into first position.  

I purchased a condo in the expensive LA market for my primary residence.  

It doesn't seem like you're in a position to shop, so just something to keep in mind for future reference.Also, when you're talking about a 30-year fixed loan, if one lender tells you they can do something that several others said they cannot...it's a huge red flag.  

I am in your same position.

I feel that, with a background in art, carpentry, and style and design, I am in a perfect position to begin a career as a home flipper.

Before that, here's some background.I got a W2 position about 10 months ago JUST so I can qualify for an FHA loan.

I recently purchased and moved into my primary residence on a nice quiet street filled with nothing but 3/1s to 3/2 townhouses.

The position's that we put our families in when we push the limits to break through to the next level.  

Now you are positive :)2) Decrease Maintenance. 9.6k looks like too much, probably I am going a little bit high in this number.

My primary concern is the changing nature of renting a unit in a building whose units are being converted to day rentals, comparable to Airbnb.