So the idea that "pref equity" without a recorded lien is protected, to me, is simply false advertising.  

You're not sweet talking anyone at a tax sale...that's where the money talks....high bidder is the winner.If you don't have access to money or assets, one thing you might be able to do is go network at the tax sales if you are willing to put in sweat equity to build up cash on your first few deals. 

The line of credit would give full access to your equity instantly and you would only pay simple interest on the amount borrowed at any given time.

The perk of the HELOC is that you'll have access to those funds for years which is great if you want quick and easy cash offer opportunities.~ Lindsey

As a buyers agent contacting a FSBO, however, I would have asked the seller up front if their advertised price included any offer of buyer’s agent commission or closing cost assistance.

.- Your experience with your properties which do or don't have acreage / views / streams / ponds- Your experience with access to good labor (cleaning & handyfolks)- Your experience with the renters.

For me it cut down on the time to build an out of state team and gave me access to people who knew the area.

Its difficult for you to access the quality of work in the pictures.

I never met the broker, but he is very accessible via text or email. 

I can see the rates they're advertising being possible BUT I doubt that they'd had the same spread if they were signing leases in today's market.