My mortgage payment would be very low and I could easily manage one door that I was living next to.

Your question is if the sellers subordinates to the HML so you can get rehab funds and said lender wants to be in first ( demands) and your seller is in second ( subordinated) if it goes TU what happens to the Seller's subordinated interest.I think that is what your trying to say.Well the seller ( who has a subordinated interest) is in second position if the first forecloses the second ( seller ) needs to cure.. either pay it off or pay the payments. this would mean you defaulted as the buyer .. they keep first current and foreclose on second they end up owning the property subject to the first.. and you are out in the cold.Very dangerous position for a seller. one I would never personally do or recommend unless seller is very cashed up and can easily take project from you and pay HML off in cash.the most dangerous lending position is subordinated loan to FTD construction loan does not get much riskier and if they go to an attorney for advice I highly doubt they will do the deal.

You can easily wash, rinse, repeat this tax strategy and never pay tax on your gain or the value if your labor embedded in the value of the house.

I will discuss layout strategiespacing yourselfand tricks I picked up along the wayI am not long on time today but please expect the thread to be expanded over the next 7 daysI will add to it as I go further into the project. 

I would like to also virtually meet everyone possible to help expand my business and business associates.

Other areas where light rail has expanded in the last year have already seen an increase in property values.  

You should always be thinking of what you can be doing now that leverages your current strengths in ways to expand your skill set.If your biggest attributes are time and motivation; working for a real estate agent might be a great way to gain knowledge and experience.

No investor would buy this from you when they could just as easily get something similar (and probably cheaper) by looking on the MLS.  

install Kwikset smartkey locks (home depot and  Lowes carry them) and then you can easily change keys between tenants.

This could potentially and easily save/earn you an extra $1000-$2000 a year.