Originally posted by @Drew Sygit:Most OOS investors fail to realize that Detroit was geographically built for 2 million people, but currently has less than half that population.Some areas of the city, maybe 1/3, are coming back strong, another 1/3 is so-so and the last 1/3 is no mans land.How long you have sit on a piece of land before you can profit on it, depends on where you buy.there was a nice article in National Geo a few years back showing a return to nature for those areas of Detroit that simply will NEVER come back in our lifetimes or kids or grandkids you points are exactly correct .. 

The method you discussed is definitely one of my options.

With a large enough down payment, you may be able to find something that works if the property is something you can afford.You can look into seller financing or getting a co-signer as alternative methods to getting a loan.

I'm certainly interested in trying this financing tactic, however, the true nature of my question is unrelated to real estate.

I would suggest getting approved for the refinance first before you attempt this purchase method so that you don't have an issue with the financing, especially if you consider getting a hard money loan, the private lender will want to see your pre-approval letter so they know you will not get stuck. 

When you first look into Indianapolis there's likely going to be a lot of info or posts about Fountain Square- I wanted to touch base on this first and say from the start- FS was BOOMING not that long ago- one of the main reasons being that the numbers here made a lot of sense (I'm talking about purchase price point here mainly) now as most home owners do, they've seen a lot of neighborhood changes, and in most cases talked to neighbors that have gotten "X amount" for their home and the natural thought of "What could I sell for now too??"

The BRRRR method there is a bit tough- even "fixer uppers" are priced just about as competitively as turn key homes and I'm sure construction costs to rehab are sky high.

I knew that it would be a well-placed investment to resale land in the future or to build a short-term rental for Lake Travis/Hill Country visitors or those who want to be more in nature and escape Austin for a day or two.

Ive used this method and it works!  

NFT's are in their infancy, but I believe will become the de-facto method to securing ownership for many assets (not just digital) in the future.