You may want to offer a conventional commercial lender additional collateral on a blanket mortgage (remember  to build  in a release of other collateral once the blanket mortgage is paid down to X %., this way you free up your equity to do other deals using the leverage in your existing equity)Also you might want to secure a tenant immediately, with a build out clause, secure the lease.

The lender dropped the home as collateral about a year ago and sued them personally.

I am considering student loans because it allows me to just do it and not have to go through all the process of getting me preapproved and allow me to close faster with cash. it also allows me to save up all the rent for the time I am in school and invest it at higher rates of return then the loans and defer the loan payments. it also allows me to live in a better area. which I am not moving to until I can almost pay cash 40k would not be much compared to my overall savings and amount I would be paying. so I feel it would not be to risky specially seen the duplex would not be tied up as collateral for the student loans, I may not be able to bankrupt them but they can also not take away my property.

I believe I have it handled with a smaller personal loan, using one duplex as collateral, from my regular bank for the down payment needed to do a traditional, fixed rate (low cost) 30 year mortgage on the new property.

Can I use my lender note as collateral to get a bank loan?

They are lower interest than credit cards and the bank some has security because it's tied to your home as collateral.

All loans would be first positioned mortgages secured by the property as collateral.

Do you have any collateral?

It's a common index used to track the cost of lots of collateralized debt obligations (mortgages, trust deeds, etc) from the big aggregators like Chase, Morgan Stanley, etc.

possibly use the homes I have under contract as collateral for the asset based funding?