If you want to spend money without spending money, you will have to look into leveraging and at that point your plan becomes more complicated, but possibly larger albeit with more risk.

Sorry, another issue;Death and or incapacitation can be a problem if the note is held individually, it can complicate the delivery of the deed upon full payment or adminstration of the note.

Simply have adequate liability insurance ($1m is more than adequate) and I can promise you that some schlock lawyer will only complicate matters.

These deals might be simple for the more experienced investors, but they seam pretty complicated to me.

Don't make it more complicated than that.  

If the stock price stays within a price range 15% above, and 15% below market over the option period of say 6 months, you keep all the premium and your current shares are not called away, nor additional share put to you.Sounds complicated, but it's not.

I understand the tax liens are passive investments in nature, but I am not sure if the 12-months holding period applies to them.Whoa whoa, why are you complicating this so much buddy.

Some of these sites are freakin so complicated to navigate, I just click out of them.

You would think an all cash purchase would not be that complicated, but they made it difficult.

This is a pretty complicated comparison and a lot depends on what paper you are writing for the buyer.