I have bought over 50 tax liens in the past 6 years.  85% or better  redemption rate due to my own notification procedures 

so between regulations that states start to enforce that could have an impact. with the how to gurus and sites like BP were begineers gets all excited to only find out wholesaling is really the toughest thing you can do in real estate..

You are better off running up your credit cardsA secure line from the bank would be a cleaner approachYou see the "business" lines are unregulated (not that I am a fan of regulations) but these jerks redefine the words "interest rate"ask for an amortization schedule, they will never send you one, that's your sign 

We do syndicated deals, which require a Private Placement Memorandum and some rather expensive legal documentation, because our investors are receiving equity in our deals for their money.It sounds like you're looking at a debt structure - seek out a local attorney who specializes in real estate and notes and see if they can write a contract for you, and what you need to do to be in compliance with your local regulations.

Generally it's not overly complicated, but it does often impact the bottom-line as there will be additional costs and more regulation.

I heard that this is a SEC related regulation.

The choice on this to me seem to involve litigator behavior in each individual state as well as down to property local judicial behavior, and what is standard operating procedure (which could change over time for the better or worse).To me a blanket statement of "full faith and credit" seems like yes you can go the moon, without filling in the blanks of you need to have rocket and will have to pay for a rocket....So basically, business wise (from a cost stand point and risk stand point) to make "full faith and credit" happen is this a wise choice?

Doing whatever he needs you to do for the listing rules and regulations he requires. 

Always remember that you are running a business when you have a rental property, and there are many laws around that business that can and will get you in trouble if you do not adhere to laws.Again I would advise against this strategy and create policies and procedures to run your business correctly and you will be much better off

Regulators like it even less.