Make sure to cover these scenarios in the offering documents.- It’s better to start with a small fund and have it sell out than to start a huge fund that doesn’t fill up, Just better for our track record and marketing.

The realtor sent over the paperwork and it included addendums which stated that the price was subject to change if appraisal was higher than agreed upon purchase offer.

Obviously, if I had $2300 annual cashflow x 3 that can easily cover the HELOC interest payments + about $2000 of free cashflow.

Sadly, I’m not seeing any discussions, articles, podcasts, or books on this subject. 

Marketing has been fulsome, price reductions have been aggressive and though a refi into a longer loan is an option, we're not in a position financially cover the holding costs much longer.

Now the key to doing something like this is to make sure you use the HELOC for an investment that will more than cover the HELOC payment. 

Would your purchase price cover all principal, arrears and legal fees or was it a short sale?

The note on the door is a great idea so will do that, since it's not a true "emergency" and it covers me if there is a complaint filed against me about it. 

Have a contingency in the contract that it is subject to an acceptable negotiation with the IRS.

I know there are niche sites that cover some of these, but is there one master site that does the most?