@Brian Jacksoncan you invest locally AND buy something positive cash flow? 

4th & 5th position?? 

Here are the details:Half Acre lot in a desirable area of Ocala, FLFull seller financing with 0% interestPurchase price: $48,000Down payment: $5,000Monthly payments: $360 for 3 years (Principle only)Balloon payment at 36 months (~$30K remaining balance)Construction rights included and fully assignableSeller will maintain first position lienRecent comps on the same street:New construction 4 bed home just sold for $381K in December 2025Older home (1993) on same size lot directly behind this one sold for $280K in April 2024I'm trying to figure out what this opportunity is worth to a builder.

True hard money lenders likely will not want to be in 2nd lien position to an institution.

It was a first-position purchase money loan, which is the only type you should consider, @Steve Chaparro.

Potential Negative Cash Flow ImplicationsIf your DSCR loan is cash-flowing positively, it may not hurt your ability to qualify for a full doc loan, in fact it would help.

If so, we aren't positive on the commercial lending part when year 3 is up.

The most reliable method to locate liens and their positions is to conduct a title search through a title company.

Quote from @Patrick Roberts: Couple questions -What's the rate and remaining life of the $130k first position?

Best approach:1️⃣ Network – Attend real estate meetups, forums & investor groups.2️⃣ Private Lenders/Accredited Investors – Consider JVs or equity partnerships.3️⃣ Strong Deal Positioning – Highlight upside (cap rate, rent growth, minimal capex).4️⃣ Professional Referrals – CPAs, attorneys, and consultants can connect you with investors.Hi Deven,Just wanted to say I really appreciated your straightforward and practical advice on finding partners for 16-unit deals.