I went to an auction one time with the intention of submitting a low bid on the property.

There likely isn’t much use in a fully-amortizing loan if your intent is to flip so I would say an interest-only HELOC is a good option provided you can qualify for the loan using collateral external to the transaction.

If you leave early (with intent), it could be considered mortgage fraud.

Even buyers with the best intentions often never close on your property, so you could be renting it out for many years before you actually sell.

While it is correct, the government has the budget to pursue these actions, always remember what the lesislative intent is here.

So, there might be a way but I doubt it as it really doesn't seem to be along the initial intent as a benefit for homeowners.

I purchased contracts and many times with the intention of refinancing the deals shortly after buying the obligation, which accelerates the yielddue to the payoff where the remaining balance is very important to look at.

Even if the SAFE Act does not apply in a deal, if a buyer objects later on and you go tocourt, the Act, as well as the intent of the Act, will be in the minds of the Judge and jury.

My intention is to get some experienc ethis year so that I am knowledgeable enough to raise capital for next years tax sales.My question is: Is LLC appropriate.

People have good intentions, but they also tend to make the same mistakes over and over...I'd learn a lot more about the new, consumer-friendly aspects of lease-purchase deals, then decide if you really want to go down that road.