However the more creative and entrepreneurial you try to get with this the sooner youll start taking flak (im guessing).I dont think its really a matter of It being illegal at this point, just that businesses have to catch up so they can pull their money.

But then again, you could catch the bug.

That will give you an idea of how many different ways  people are making money in real estate, and hopefully something will catch your interest, match your individual goals and profile.

There's nothing wrong per se with cold calling - - you might just catch the owner when they've made a decision to sell but not yet signed an agent contract. 

I don't care because the house is well kept and if they are late they will catch up....but if it ever came to eviction they have at least 1 income for an apartment so I  could move swiftly without qualms.  

But, before you can really think out of the box you must understand what is already in the box that can be used.Now, the Catch 22, do get creative in financing (or apply entrepreneurship) you must understand financing, the alternatives and what will be required.

Depending on what you're looking for I'd love to connect and at least have you in my database so I can send over any interesting deals that may catch your eye.

Prior to getting to closing, a real estate investor (buyer) came along and offered me 20% more than I was going to close for the next day, only catch... needed 1 month to close.He put down $1k (which I was told by the agent that was customary in NJ with an offer) and the time started to tick. 

@Michelle RomanoTo avoid CG you would need to live there for 2 of the last 5 years.It would be difficult to claim rental income and then try to avoid CG.1031 would be the simplest thing to do and you don't have to worry about the IRS catching up to down the road.

I love learning and catch on quickly.