@Costin I.Those were outstanding links including the second to last forum thread which I read all 132 comments.

A nationwide guru teaching this approach across the country would have everyone believe that there is no problem with it.

Could have big implications nationwide. 

Achieving the outstanding RE returns takes time and effort. 

Nationwide, there is no single place that puts all foreclosures up.

(Irregardless of the actual law, it would arguably make total sense if the landlord could keep the deposit until the end of a fixed term lease, as security for the outstanding rent payments that the tenant is obligated to pay; but what makes rationally sense is a whole different topic as laws not always make sense.)

I don’t have experience with bidding on land but I won a house at auction and did a lien search through a title company and it cost me 150$ but it to me it was worth 150$ then to be surprised with an outstanding lien.

There is on such thing as a 7-year nationwide real estate market cycle.

If you sold that property, you would lose the HELOC and have to pay back whatever was outstanding. 

Furthermore, as we all know the first few years of mortgage payments are mostly all interest expense and less principal, so my outstanding balance on the debt is remaining roughly the same.