I could be wrong of course and I dont know what state your in.. but the redemption rights are for the owner of the property.. they would have to redeem the first and then the second reattaches if there is no redemption the second is removed from the property but the owner who lost it still owes the money on the note and the second can sue on the note for a deficiency.

@Nicholas L. wrong my good man.

You're right, a CPA would be able to answer your specific tax questions, but I do know that as a single member LLC, the default tax status is disregarded entity.

What you can do is filter for that specific amenity and see how well booked the calendars of those listings are.

If this is in the wrong section, apologize in advance

Like, digging into specific sub-markets and getting that super detailed intel requires more than just surface-level stuff.

While I do not know the specifics of the purchase or exact location, I understand the Philadelphia market well enough to place this property in a lower tier neighborhood based on the ARV Mario shared.

In my opinion, the biggest mistake first-timers make is not that they buy the wrong thing; it's that they take too long too buy.

A good lender or loan officer will see your specific financial profile, tell you what is and isnt possible, and ultimately should give you suggestions on what to aim for and focus on so that you can get what you need to eventually be ready to purchase. 

I wanted to circle back on this because to point out I was wrong is not actually accurate.