More than likely, the bank will not want to invest in attorneys for an eviction if they're looking to sell as-is. 

@Dan Dares TMYou can use your familyMember but they will need to be a part of the deal and the bank will most likely want them to personally guarantee the loan.

The resources we had:- a bank (conventional) that lends money up to 35k for 650 credit score- hard money lender with APR 120%- seller/community (who acts like he doesn't want to talk at all)- a real estate mentor that costs $35K to useThe "answer" to this exercise was:Use personal credit to borrow from the bank and spend the $35k on mentor, and then mentor has the "connection" with the community bank to negotiate a deal and brought a 70K property for 40K with FMV of $140K.

Since HELOCs have a variable rate, you’re banking on rates staying the same or decreasing.

Some use them as rentals.the biggest reason for doing things this way is a traditional bank won’t loan on  property that won’t appraise at their desired price.

I plan to buy the half-acre plot from a land bank in a small town in northeast Ohio. 

Your bank today on the loan might have sold the loan to someone else, kept the loan and the bank was bought out by other bank, not loan as much on commercial real estate anymore, etc.

I though the benefit of having this membership structure was to cancel the subscription (eviction) without have the traditional lengthy process.

If you want to own a rental, buy one thats a 10 cap or higher with 20% down through commercial financing with a big bank.

But the struggle is real right now…  It will be challenging to find banks that will lend with less than 20% down.