I quit my day job as an Electrical Engineer from buying tax liens and turning them into mostly passive LTR's.Yes their are big risks, takes a lot of research, a lot of cash to increase your odds and it is much more difficult now because more people are doing it and driving up the auction priced.I typically get 2 or 3 more houses every year from the previous years tax lien auction.I do not have to foreclose to get my tax deed on unredeemed liens.

The program isn't designed for investors and to me there are too many restrictions.

My purpose for the HELOC is to get into a property without having a home sale contingency to increase my odds of the offer getting accepted.

There is no zoning restriction for the number of family members living in a home as long as blood, marriage, or adoption relates them."

Of course, you will want to make sure there are no deed restrictions.

check out ocean lakes resort myrtle beach sc, you can get into a lot of properties for 600-800k stilt beach home-4 -5 bed with a 70-90k gross revenue. great rental area, has no str restrictions and is 318 acres gated and secured straight to the ocean.

They can also put in rules restricting rentals.

In fact, odds of a June hike should be higher than a cut.

Any other deed restrictions, use restrictions or other misc. items that are adverse to your objectives?

Colorado and numerous counties have been imposing restrictions on nightly rentals and continue to get more restrictive.