@Justin Prevatte  if the OP has free and clear properties IE the 16 are all owned out right then yes that would work for sure .. subject to finding a lender that likes the collateral and will lend.Small seconds behind large first are just a NO NO in the lending worldfor the very simple reasons you stated.see threads on BP about those that have been doing gap funding on rehab projects and the borrower goes dark and they are fubared.. loss of the entire loan is most likely out come.UNLESS your a loan to own guy.. and if this OP failed you fine stepping in and taking over the whole maryann..

This is what I market for is a sale, so with time you will understand better who can who can't sell.Keep it simple, just get the phone to ring, don't sweat the real estate sales police.  

As I said, I am just getting rolling, so I am looking at paper flips, and house flips to get started. 

And my agent told me that this agreement with the tenant is in paper and can been seen after the offer is submitted.My question is: is anything I should pay special attention, especially because it is in a trust and the current occupied by a tenant?

@David Faulkner I just keep it simple and tell folks the market tells me what to do.

@DavidFaulkner - you're right, Although the idea hard money lending seems simple, it's not my niche' and I certainly don't want to recommend anything I can't back up.

It would be simple.  

Its hard to get through the paper work but the 20,000 forgivable second is awesome. 

We live in Louisiana and squatter's rights and adverse possession I'm not sure of, but SBA has never tried to evict or posted any foreclosure papers.

In your case there is much simple approach.