This allows someone to pay a high price, but get into the property without a lot of cash. 

Occasionally, if the winner fails to pay and you were the second-highest bidder, you will be expected to make the purchase. 

However, failing to pay the tax could result in a lien against my company, complicating the approval process for a mortgage and incurring an estimated $10K in penalties.

If you had to pay someone to do that same work, the expenses would be, should be much higher.  

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.

You will have to pay taxes in Ohio and California on any rental income. 

The problem is, you pay to skip trace, then the numbers have to be verified through the SMS APP and so far, at least for us- we lose about 35% of contacts after skip tracing, apparently because they aren't "verified". 

She’s been paying rent but we are not renewing with her.

Needless to say, multiple times they were not able to pay and we had to use all the reserve funds and sent them notice of non renewal.  

The question also to consider is can you rent it, and can it rent for more than what you are paying right now?