And if they can't catch up on rent, many will at least move on to another place without forcing the landlord to evict to avoid having an eviction on their record.This is a key point regarding evictions.

Don't force yourself into a deal just to be in a deal.

Can't be mad at forces I can't control.  

He knows he sucks and is trying to force you into working with him. 

but most likely it will be fine.. 12 % interest for this risk.. in my mind is only being done by very naïve investors or friends and family wanting to do a solid for this guy.. that's my thoughts.The reason most lenders do not allow seconds behind their firsts is it precludes the ability to take a deed in Lui it forces senior lender to full blown foreclosure if the second wont just go away unpaid..

It's frustrating for all parties but there's a silver lining in the fact that it forces the sponsor to not drain the deal of available cash.

I haven't heard any high mucky mucks say anything, but eventually someone is going to realize that they can invoke DOS on all these peeps with borrowed money at 4.5% or 5%, when current prevailing rates are back to historic norms of 7%, and force them to refinance (at 7%) or pay the loan back (so the money can be re-lent at 7%).

Because it seems excessive to you doesn't mean it won't hold up in eviction court.This clause doesn't take advantage of anyone and no one is forced to live under these rules.

But there will also be a backlash against the forced isolation.

Unfortunately, the disclosure revealed something that forced us to put out during DD that was not obvious (or we missed - It was actually both as it was possible to catch this earlier than we did but we missed it and therefore was not obvious enough for us to catch it).