Because the seller has a security interest, they can foreclose if the buyer doesn't pay.

This still has it's own barriers since title is encumbered and the sale will need to deliver clear and marketable title to a new buyer.When Bankruptcy is filed an automatic stay of collection occurs for all creditors, secured and unsecured and the borrower is protected under Bankruptcy law during the BK plan.

Since I am using HML they will have a 1st position lien on the property, so can I secure the $30k with just a personal guarantee?

Well, yes, but the easy way to spot a financing agreement is if there are any payments or credits made toward a purchase price or amount owing where the title to property secures the obligation or will be expected to be transferred. :)

In most states, this can be done through the use of attorneys and statutory representatives, so that members are not revealed in the public record.

@Jeff GreenbergTo learn more about the Roth IRA transfer restrictions, see the following. https://www.irs.gov/publications/p590a/ch02.html#e...To learn more about the SIMPLE IRA 2 year transfer restriction, see the following. https://www.irs.gov/retirement-plans/simple-ira-pl...

From my perspective, it's not just about ensuring that you are legally allowed to invest and that you are able to proper publicly recorded title to a property, it's also about all of the other laws indirectly related to owning the property (ie. the court system, environmental laws, tenant/landlord laws, business laws, etc, etc).

Found some books at the public library used book store or Goodwill store for 50 cents apiece.

I have enough security deposits sitting in an account that I always show enough money for a down payment, even if the down payment is coming from somewhere else.

I found one that lends at the following terms: Interest Rate: 5-year FHLB + 3.00%, floor or 5.95% Adjusts every 5 yearsNo cap on rate adjustment (Note: Seems scary)Maturity: 20 yearsRequire 30% down.No prepayment penaltyI am wondering if anyone knows what has been the historical 5-year FHLB rate and any predictions on what it might be in 5, 10, and 15 years since the rate adjusts every 5 years.The no cap on rate adjustments is the scary part, but I guess I could prepay the loan if the rate goes crazy high.Does this look like a good options to secure long term financing if I've hit my 10 Fannie Mae loans already?