Title should check to make sure there is no one else that might have a claim to the property if it's in a strange arrangement. 

I'm looking to buy back my time.

You want to fine tune what the answer to this is because too many people start thinking the road to financial and time freedom is a lot shorter than it is.Find some local real estate investor meetups and talk to other investors and learn about their path while you find yours.

What do you have time and money for?

There is one that meets once per month in WPB.

I know about the VA's One Time Close Construction loan for us veterans.

One was cash-neutral. 

Go read the next 100 threads below this one in the mobile home park investing subforum that we are in. :)

The line of credit would give full access to your equity instantly and you would only pay simple interest on the amount borrowed at any given time.

Another big one would be $3367 in Lender's Title insurance.