Great source of educating yourself on whatever niche you want to get involved with--especially wholesaling.

Thanks Account Closed

See what will make the deal sweet for everyone involved. 

I've thought the same for checking accounts at the bank.

I had also been involved in 2 investment properties acquisition few years ago in my in-laws investment business, by mainly helping them maintaining the properties. 

I have no idea what I'm doing but I really really wanna get involved in real estate early on!

You are now forced to move your accounts and parked cash to some other prospect bank who says they'd be open, then you offer to move your banking and reserves accounts to them.

My concern is if the properties I am financing are involved in a cross collateral agreement that relates the apartment sale, and there is some kind of default, would the bank be able to step in (because their agreement precedes my first trust) and prevail to recover the properties that I have the first trust on?

Account Closed may be able to offer advice on this topic ...

Since your renovation in this example was under $35,000 there is another loan (exclusive) that might have helped you and is less involved than a Homestyle or 203k...same concept though.