It requires the grantor have the intention to pass title immediately, not at some point in the future if circumstances warrant. 

Whether or not the other conditions are available in El Salvador, I unfortunately cannot say for sure.  

Yes, in the end you have to decide whether it's a for profit venture or not, but there are all sorts of ways to mitigate what is an unfortunate thing to have to do as I mentioned in my first post.

Unfortunately, most of the questions asked illustrate little to no advance work (#1 and #4). 

Another thing to keep in mind is that a structure is usually specific to an individuals own set of facts and circumstances. 

The IRS would look at the facts and circumstances.

I have been looking for a 2nd job but the market is tough unfortunately...

Location - Jacksonville, FL (unfortunately, no basements!)

@Bryan Freeman unfortunately, I cannot speak to every lender in this forum but we have been writing these loans for many years.  

End result if you won that property at the auction - you won't get it because the original owner has that right to redeem - regardless of what the circumstances are.