I have no real issue with the permit concept but I am afraid that the permit process would be a far longer window to obtain.

(This is what I use in California) The concept is to keep the fact that the property has been transferred private.The sales transaction remains unrecorded i.e. the deed is not recorded or the contract of sale or the financing agreement.The transaction is maintained in the records of a settlement /escrow management companyEnough documentation is recorded to protect the seller and buyer in the chain of title without making the fact that the property was transferred public record....If you want more on this PM me Existing loans, taxes, insurance are paid by the buyer into a collection account, which in turn pays all the accounts required to service the propertyRecording a deed or contract is not required in most states to make a valid transferNot disclosing the new sale to the underlying lender is not illegal in most statesKeeping the transfer from the lender is not a crime or against the law.

Personally, I find that concept offensive.

We are very conservative financially so basically this is really just questioning about the concept of using credit cards to rehab/downpayment/do marketing for REI.  

I spoke with an underwriter and my loan officer about this exact concept.

I haven't read any real estate specific books on marketing rental properties but any marketing book on the concept of pricing and value will give you good ideas.Good luck!

Just the main concepts of investing and what to look for when evaluating a deal.What do you think would be best to include?

To help make this concept clearer, lets look at a possible scenario as an example.The Example of Farmer FredFarmer Fred is trying to determine the value of his 24 unit apartment building.

Anyone heard or worked with this Capital Concepts Inc. (4smartmoney) based out of Texas?

The FHA concept is interesting.