Has anyone been in a similar position, or has had success offering this type of agreement to a previous owner of a property who has not yet voluntarily vacated?

Those that cannot weather the storm get wiped out.Having cashflow positive properties provides a margin of safety you just do not have with negative cashflow.Why are you focused on buying in your backyard? 

I don't know where to invest, really drawn to Columbus for many reasons (some cash flow and stable appreciation)--what's been some people's positive and negative experiences in Columbus? 

Thanks for your feedback @John Terry.

I’m drawn to real estate not just for financial freedom but to build a legacy for my family while contributing positively to communities.

Thank you for any feedback.

Any guidance and feed back on my frustration at this moment would be appreciated.

I will keep you posted if I pursue investments in Kissimmee, I appreciate the feedback!

I'm curious why you want a HELOC instead of a conventional loan in the first position.

Great feedback!