Depends on the State Regulations. 6.Seller SecondsThis is a mortgage issued by the seller to the buyer that is placed in a subordinate or second position to an existing first mortgage from a conventional lender; seller second can be a great incentive to buyers; can help them purchase by putting down less cash-leveraging their assets; second mortgages typically carry a higher interest rate than first mortgages, an advantage for the seller over other investment options; a seller second can open new opportunities for buyers in markets where conventional lenders are tightening their loan to value guidelines and buyers need a way to close the resulting financing gap; lenders who want to limit their exposure may agree to a "Combined Loan to Value" guideline that supports a seller second; seller seconds may help buyers reduce their conventional loan needs below the PMI (private mortgage insurance) level, saving significant dollars per month; seller seconds can also help in larger purchases, reducing the amount buyers would need to borrow conventionally, bringing their remaining loan requirement within reduced rate "jumbo" loan territory; some conventional loans prohibit secondary financing; second loans not disclosed to conventional lenders are illegal.sellers granting a second loan must file a lien on the property. 7.Lease with Option and Lease PurchaseA lease with option to purchase is an agreement that the leasing party can buy (or not buy) the property at lease end for an agreed price; a lease purchase agreement, the leasing party commits to purchasing the property immediately at lease end; the owner agrees to apply a portion of the monthly rent payment toward either the buyer's down payment or closing costs at time of purchase.

The biggest challenge was that we were moving from a larger, newer and more expensive home to one that was smaller, older and worth less than our current primary residence that we were converting to a rental.

The margins are much larger when it is volatile so it doesn't really change anything.

I filed on two of my larger beach-front units.

I could see there being more of an affect on hotels and condos where there is a larger concentration of people.

I would recommend looking at a larger market unless you get it so cheap that is almost possible to not break even.

Now when I take it cross country  IE from my Portland home to my Vegas home twice a year.. that's a 1200 miles one way.. so I supercharge for free.. so no cost for energy for those drives at all and I will hit the free super chargers usually once a month at home.. ( there is one at the outlet mall closest to me)..

Or get rid of that tiny hallway and put the washer and dryer in a stack in that hallway and make the bathroom larger and open to the kitchen, and make the bedroom open to the kitchen too. 

In a foreclosure of the Refi (larger loan) Is there any remedy you have seen or heard of?

We have talked to a few larger companies but they want too much in fees to find investors.