Even if a judgement isn't collected through the sheriff's office by executing on the judgement, if the tenant wants to buy a house in that county before the judgement expires (5 years in my state), they will have to pay the judgement otherwise they won't be able to get a mortgage. 

I have been using a HELOC (8.3% interest rate) for Mortgage notes to make 10-12%.

Private investors or lenders to flippers is common practice as is the 50/50 split. 

Hi EveryoneI own a 4 unit in Columbus, Ohio and I am a W-2 school psychologist, however, I am expanding my private practice so I am looking for a CPA with experience working with and advising small businesses as well as real estate. 

It will be a mortgage on the home, so I will be paying a monthly note.

If the latter, and if I continued to purchase mortgage loans or otherwise lend money, is there a definitive point at which I can no longer reasonably argue that I am not in the business of lending money?

Should I open a business bank account under my LLC  to make mortgage payments and collect rent even though the property is in my personal name?

Lending to a flipper is much riskier and carries a much higher risk premium than owner-occupied loans, which currently carry a National Average according to unbiased publication Mortgage News Daily, of 7.13%.

I'm curious how the state views this process when a mortgage is in place.Lets say for example I'm the bank, and the borrower stopped paying both ME and the state Taxes...How is it handled if YOU buy the tax certificate/lien and later I have to foreclose on the property to protect the money I lent?

If you are not already working with a mortgage broker, you might want to speak with a few.