One alternative that MAY work is to flip the property –i.e., taking title.

One alternative that MAY work is to flip the property –i.e., taking title.

Here are some Alternative Financing and Formulas you may like to read:https://www.biggerpockets.com/search?

I still don't know what to call the alternative, the one where title is transferred.

I'm fairly new in real estate and I'm trying to come up with alternative methods that won't break my pockets before I make a significant amount of money.I like the "asking if they know of any properties for sale" it seems much less intimidating. 

If the house appears to have issues and can't be lived in the way it is, traditional lenders won't touch it, but some alternative lenders still might.

I was wondering if it was legal and ethical to reach out to the owner or visit them at their alternate address to try to make a deal with them in advance.  

Seller financing can be a great alternative.

It might preclude your future personal involvement.There is an alternate structure known as a Rollover as Business Startup that allows you to capitalize a new or existing business with retirement funds, and be directly involved in the business.  

Can you finance your closing cost, also what alternative do you recommend for an investor who needs help with closing?