Keep in mind the majority of these ideas for a future home I've had in my head for years, so the likelihood of me NOT doing one of those things for my first house are very very slim.With all of that being said, any opinions/advice/recommendations on my ideas?

If the trust deed you are bidding on in in first postion ( the first recorded) then yes everything behind in (second,third ) are wiped out.

Smith and carry a second note for $30K, after a few months of collecting $300/month you realize that your COKE bill is much higher than $300/month and your car payment, house paymenbt and other payments are getting in arrears and some quick cash would "fix" your problem.

However you can place a second, third, fourth, whatever beneficiary in the trust and as long as that other beneficiary is more than "arms length apart" then you should be safe but again a attorney might be able to dissolve the trust.

Chances are much stronger that apartment building owners will carry second mortgages as opposed to home owners.

If the second forecloses then the third doesn't matter.

The second - pertains more to complexes.

I live on the first floor apartment and have a tenant on the second floor.Tenant is great, single woman, professional, always pays on time...

Second, Arizona is good hunting for investments, I hear that bubble is still good.

. :)I'm going to post some ignorant questions in general here in a second because, well...