While the title of this post might be unclear, he makes it very clear in his description that he not just looking for a non-recourse loan, he is looking for a non-recourse loan to his retirement account.

They utilized their geographical position (with the intersection of Interestate 70 & 75) to position themselves as a waypoint for logistics and travel, and even started the I-675 auxiliary in late 1987.

The next deal I did with another home owner I decided to go online and pay of and print of a land contract with all the terms, payment info, and house description.

I mean based on my description I get to about $2600/mo cashflow by 26 if things go well.

@Tony Karns not having seen the property but judging by the description it is likely a waste of time to even sit down with the owner.

However by your description above, you don't have 20% equity, so if you don't draw from the HELOC, then whatever you are short to close on the refinance, will be cash that you will need to bring to the table from some of your personal funds?

That is implied in the "cash only" or "foreclosure" or "distressed" descriptions you used. 

Did not read description correctly

I agree with @David Kelly, Zip codes are too larger geographically to be very meaningful in many markets.

I have never used a community bank, so I was wondering what they mean by community for someone getting a loan, ie do I have to live in geographic area of the bank is or where the property is being financed?