A local credit union also mentioned something called a "savings secured loan" which can be used for anything (even going on vacation), but I don't know if there are tax benefits to that and I don't think I can do that under an LLC.  

Someone still has to cover taxes, insurance, and upkeep during the foreclosure.

So essentially you will need money for ten percent of the purchase price, the first portion of the rehab, and holding costs to pay the hard money payments monthly and taxes/insurance. 

It will be tax free when it cooks off..

I owed 3 months of child support, recently divorced, back home living with parents, driving an old car with over 100k miles and had been recently fired from a job.

I can't speak for you, but we have decided to meet with our accountant to determine the tax consequences of a sale so that I can take as much capital out of it and move that into a better performing asset. 

For example, if the Subject property's GLA is much larger/smaller then the documented sources (i.e. tax records, MLS, etc), then the Appraiser's Comp research will have to be redone because the Comp selection was based on an inaccurate description of the Subject property.

Tax sales are usually full of them.

You also benefited from the tax deduction that includes PMI and per your own statement, it's been a great experience until you looked at a recent statement that reminded you of what you once knew but forgot from long ago.Do the math.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $350,000

Cash invested: $1,000

It was a great investment I could have not pass, as my first investment.(Backyard)
2...