Has anyone ever obtained a secured loan from a bank using a pool of Louisiana Tax Liens (Tax Sale Certificates) as collateral?

If turns out to be a rental (which is my expectation) then I will bank the cashflow and work towards the BRRRR strategy to add another property in the near future.What I’ve been doing lately to make dreams realty:-Listened to one or two BP Podcasts a day-Spent tons of spare time on Zillow browsing properties-Identified a single family property that has real potential to be my first deal-Gotten an insurance quote and dug up tax records on the property-Talked to a couple area realtors and chosen one whose background and experience best fits my goals-Toured the property-Crunched tons of numbers based on different scenarios-Arranged a second showing for tomorrow, with a local contractor who will be joining me for the showing to provide a quote on the work that would be needed.I am super excited for tomorrow!

Is this true even though my credit score is 730 or so, have 20k in the bank and just bought a SF home 6 months ago?

Could use some assistance with understanding financing:I am looking to understand how a short term home equity loan would work...I recently went to the bank to ask about it, but want to understand the numbers.

I’m finding (most notably trulia) that the main reason for a home to be sold cash only is because a bank won’t finance it mainly for 1 of 2 reason.  

. + Banks, building and loan associations, mortgage bankers, and other similar organizations. + Insurance companies and holding companies. + Operators of residential and non-residential buildings other than hotels, motels, or rooming houses. + Persons operating camps and trailer parks where charges are made for rental only of real property are exempt from the tax.

Depending on cost, you could set up to take ACH payments through your bank, and get paid both the deposit and rent electronically. 

The guy is 90+ years old.....trying to win him over by telling him how much cash he will get in the bank (even after taxes) wont win him over....why would it?

My bank required a Phase1.

Also realize that typically (or recently in my experience) banks are tightening up their apprasials.