Does this completely prevent the tax lien holder of getting additional gains after foreclosing? 

I'm still in the process of finding an alternative solution but I thought I'd leave this here as a warning for others looking to make a decision.For reference, I'll just post their email response to me here:As we review your inquiry, we would like to remind you of the following key points from our Terms of Use:In no instance shall ShinePay be liable for any of the following:"Lost revenue from service interruptions.Lost revenue stemming from delays, malfunctions of any product.unauthorized gains access to your account or due to shared passwords or if your password is hacked.Destruction to properly, places, or personal injury resulting from the installation, misinstalling, or misuse of any product.Lost revenue from entering the wrong account number for ACH or other bank transfer or money transfers or due to any delay in receiving funds.Damage to your structure, machines or car resulting from use or installation of our products.Any funds collected that are paid to a person that does not own the property.Any harm from defeating the lock and technology that controls the lock to a device.Failure to properly service any product or machine."

My budget is in the $200-250K range.Please feel free to let me know if additional details would help, and thank you in advance for your time and advice! 

I would like to find a way to generate additional income and am exploring options other than having a long-term roommate.

In addition, they connected me to the preferred lenders who also helped with closing on the property within a short period time.

Cultivate strong relationships with brokers to gain access to off-market deals and increase your deal flow.

Additionally, an LLC can make it easier to separate personal and business finances, simplifying tax filings.Quick Tip: Work with a tax advisor to determine whether an LLC is the right structure for your investments.4.

In addition I am giving him freedom to explore (to a certain extent) on my dime.

I look forward to learning everything there is to gaining financial freedom and becoming an investor. 

Building a portfolio allows you to gain experience, develop systems, develop your own approach to managing properties etc.