To me, whenever exotic instruments pop up and start to gain steam, it means the end.crash is near.

We brought on another partner who was instrumental in working with the seller regarding the seller financing portion of this deal. 2 units are vacant that need some moderate tlc that should be able to be tackled in a weeks time.

So from an access to capital standpoint, a HELOC is a very worthwhile instrument.

My aunt, who was a real estate broker was instrumental in sharing with me the importance of earning income and creating passive streams through real estate investing.

Approaching loans which are long term debt instruments (ex: 30 year term) hoping for short term gains and exits really is a recipe for disaster.   

Once the docs are drawn up, you get them signed and notarized and have either the attorney or title company record the financing instruments with the county recorder.

While in the interim being a good tax instrument and getting reasonable appreciation. 

In the general (unchallenged, 'clean' security instrument) case, it's not long and not really that expensive.Yes, a deed transfer (deed in lieu) is also possible...

The LLC does create some level of complication of enforcing the remedies provided in the security instrument and note and for a new inexperienced borrower, I don't think they will extend that risk on the first deal because of those underlying ideas.As many folks pointed out, you really don't need the LLC for protection on deal number 1.

@Jay Chen The price expectation of an asset, priced well, will reflect the time and expenses it will take to enforce the security instrument and the potential recovery of proceeds.