I moved to Tampa, Florida but am still renting out my almost paid for house in New York and I'm loving the cash flow!

It's completely paid off and a Zillow search has it probably valued around $300k. 

I was considering paying the entire rent amount towards the mortgage anyway which would have me paid off in 7 years.

I currently receive a weekly report outlining both “pre” and “pending” foreclosures in my local area.

@Matthew Paul not likely, but had the seller paid for their own appraisal before listing the property and it came back higher than they thought, they could list it higher....

If you are a realtor in or near San Antonio and have any clients that need owner finance let’s  get you clients the house they need and get you paid as well.

Such prior reports are material to the desirability and price paid for a property by a willing buyer.”

There are several approaches to doing lease options, and consequently, many variables... so it would be prudent to do so to 'maximize' the exposure, pre- screen the largest number of applicants, increase the likelihood of 'closure' (selling the property) with the tenant buyer(s) and structuring the deal, to optimize your ROI.

My home is fully paid for and I'm looking to use the equity to purchase more properties.Should I get a HELOC or just cash out refinance and lock in a lower rate?

I don't agree that it's a bait and switch - a complete PITA and frustrating - totally.The owner can initialize sale of the property during any point of the pre-foreclosure/default process up until a certain date, as I understand it.