Also, it is kind of hard for me to believe that it is not helpful at all to have the property in an LLC that only has that one asset in it and is not highly profitable.

Not trying to rain on your parade, but this is much more complicated than just forming an entity and getting a loan.

Quote from @Richard Schubert: I have offered sellers the chance to sell to me with owner financing many times and can say it’s pretty unsuccessful for me so far.

I think there are other good lists out there as well but this one worked well for me.

Nothing more needs to be done.Some MLS systems require the signed withdrawal or you can get fined as an agent.The MLS where he is talking about has zero power over this.He is using a form of the association of which Im the President-Elect.

This works well for me but one thing to note about this process is you absolutely need to know your local and state laws very well so that you don’t break any rules or run the risk of being accused of discrimination, because you will be turning people down and should have a legit, legal reason not just that you don’t like them.

It also depends on the situation sometimes a HELOC is warranted for short term financial needs so long as you have a plan to get back in the same or better financial position afterwards and the "means," and "will," to carry out this financial or mortgage plan- HELOC's are typically full documentation qualifying loans so you'll need actual income to qualify whether it be from pension, insurance, rental's, etc that are all fully documented on taxes, W2's, 1099 forms, etc.

I believe this situation was handled in a way congruent with BiggerPockets values and ethos - information was discovered, we gave the user in question an opportunity to respond publicly to the allegations, other members of the community chimed in to make comments and ask questions of their own, I made the decision to close the post because I believe many of the top viewpoints were discussed and I didn't want it to turn into shameless trolling with no additional value, that whole thread remains up for community members to view into the future for transparency and anyone who reads it can form their own opinions with the information presented.

The goal is for me to get on title and take over.

FYI to anyone looking for me to “share my list” — I don’t understand why (and am surprised), but I have NOT received any feedback directly from actual property owner-investors.