This is something we have done in the past and it really helps improve your returns on the notes with smaller payments/balances. 

With no response from her at all to tell me when she was going to pay the balance. 

If you have a history of late payments, carrying a balance, or have just never held a credit card before and are unfamiliar with the temptations of having an easily accessible $5,000 sitting around can be, I would highly recommend you sit on the sidelines.

To give you some examples, they freely change balances on my accounts and ignore to correct them - even with the support of the BoD.

All you really have is a faith investment relying 100% on appreciation to balance your monthly losses.

But some of these people also had a savings account with a $100,000 balance in it, suggesting that they could have afforded the power.

Once your monthly income is deposited, then your 1st Lein HELOC balance drops to $85,000. 

The units had been purchased by a religious organization to use as meeting facilities.The particulars looked like this:Sale Price: $135,000Down Payment: $10,000Original Balance: $125,000Terms: 10% interest payable in 360 payments of $1,096.96 per monthRemaining Balance: $121,245.48Remaining Term: 306 monthsWe negotiated to pay $92,804 for the full purchase of the remaining 306 monthly payments.We took a full assignment and purchased the entire note payment stream from the seller.

Not to mention that having *actual cash to close* can distinguish you from wholesalers who are just looking to try and sell a contract, double-close, etc.Consequently, in my opinion, while there might not be actual money in play there are a lot of concerns that "showing a bank account with a balance of $200K+" can alleviate.Your biggest issue is that you floated $180K cash and now you would prospectively need a loan. 

Water will revert back to the owner on their taxes if the tenants leaves a balance.