Is it 'simply' a matter of reducing even more the max % of FMV you will pay for a property and then when re-selling, price the property below those in the area to help get a quick sale?

That's because you're buying that equity at a discount and your reselling the equity at the going market rate for that particular neighborhood.

I don't know what your state income tax laws are, but federally when you resell a property within a year of buying it then it is taxed as a short term capital gain.

Flip this house" type of "flipping" is where people purchase homes under market value due to the condition they are in, fix them up, and then resell for market value.Two totally different things IMO.That being said, I don't really see how the first type of "flipping" should be illegal - market conditions dictate what a home will sell for.

I came across an article about Buying Tax Deeds for pennies on the dollar (i.e. buying a home for $1,000 free of mortgage and owning a home possibly worth $50K or $100K and then reselling it for a huge profit).

Using one of the suggested write offers using REO and then re-sell to other investors.

OK, so none of that's helpful, it just makes me think that you're going to be working very hard (or paying your property manager top dollar) for every penny you get out of the place.Second, why not think about rehabbing/reselling?

Should I find a hard money lender, tie up the property with enough equity for the investor and a piece for me, and then resell it to him.Should I use his financials to tie the property and let him close on it but somehow keep myself in the deal?

Here's how their deals go: When someone abandons a mobile, the managers call my friend and ask if he wants to buy, rehab, $ resell it.

I think you're trying very hard to convince yourself why you shouldn't have to do the legwork to find an actual deal, but pay close to retail instead.You are fooling yourself if your intention is to make money and you think there will be profit left in it after you pay 85%, hold the property, rehab the property, and resell it again.