So, the bit about the sellers agent being able to hide things is not true. 

Do a little research in this area if you're not familiar, core CPI doesn't really show true inflation in my opinion.

You can't create a scaled wholesale operation by driving for dollars, using "true people search" and calling with your cellphone.

It's true!

However, in most cases, if this is a true tax Foreclosure/judicial sale, then the HELOC will be wiped out. 

It's true that you would be able to sell very quickly right now, but also true that you will be able to sell for more in 5 years. 

I believe this even holds true in Louisiana which does have some legal framework from it's French origins which differ from the other States.As far as the MTM and non renewal...a clarification...there is an eviction moratorium, not a lease termination moratorium.

Or are you analyzing a true potential deal?

With a HELOC, the stated rate is the true rate of interest you're paying, so you'll gain equity way way faster and pay off your mortgage much quicker.Best of luck, whatever you choose.

This is usually how wholesalers end up facing a lawsuit.While I haven't done business in your specific location these facts tend to be true across most of the US because it all traces back to Common Law.