Put the ball in their court on collecting payment if a resolution cannot be met.You have better things to be doing than arguing over a few hundred bucks (or even a thousand).

I am in bucks county, pa trying to find Tax delinquencies lints for my county on line.

It seems....whatever it takes to make a quick buck....at least from what I see on the front lines...which is A LOT...Sure...some will disagree and contest they are flippers of integrity...but sadly they are the extreme minority.

I grew up in Southern California and watched others make big bucks in real estate.

@Aidan Mulligan. 6 percent return is not very good. 60 bucks a month cash flow is basically nothing.

Brett, the most standard way to do this (and the method I use very frequently), is with two primary documents:  1) Promissory Note and 2) Deed of TrustThe Promissory Note is where all the terms of the loan are outlined:  the interest rate, the loan amount, how payments are made, the amortization, the maturity date, what the collateral is, etc.  

As someone who buys a lot of properties, I wouldn't have paid more than 190k for this property without walking through the whole thing.You can start to see why these properties are  mainly purchased by people who either: a) run a high-volume flip business with no hard money and their own remodel crews, or b) retail buyers with cash who want to earn some sweat equity in their personal residence.The high-volume rehabbers are ok with breaking even or losing a couple bucks on a flip every now and then if it keeps the crew busy.I'm not saying you can't find deals at the courthouse, but it may require you to make that your entire business model in this market.

Before you spend mucho bucks on LLCs that require ongoing costs and attention and compliance, it's likely that for your first few properties you are much better off just getting umbrella insurance.

We have contemplated the SFH realm too but are still exploring what would get us bang for the (limited) buck we have. 

Two of the common areas of concern for HELOCs I see out there is the 10 year maturity date and the adjustable rate.