I have heard and seen on this forum sometime ago where someone used the prinicple of adverse possession to gain property for themselves and et themselves out of homelessness.

I presume you want the property and the benefits that come with it (possession, rent, cash flow, appreciation, tax befits, equity and title).

. : If a lessee of real property remains in possession thereof after the expiration of the hiring, and the lessor accepts rent from him, the parties are presumed to have renewed the hiring on the same terms and for the same time, not exceeding one month when the rent is payable monthly, nor in any case one year.Likewise, a tenant could terminate a periodic lease by giving e.g. a 30-day notice, and - surprise, surprise - instead of moving out, send the next month's rent on the day of the planned move-out.Frankly, I don't believe this was the intent of the law.

I have personally people who have taken more than 2 years and over 50K in legal costs to get possession.  

I'm thinking perhaps even if it's a C class neighborhood, not only thinking of renovating the units is good to attract better tenants, but protecting possessions/creating extra storage space might be a benefit?

Now waiting for the Sheriff to serve the Writ of Possession and it looks like in Miami it takes forever BUT I know we will have our property back soon!

Your only upfront  investment would be $1,000 Earnest money at contract......5 to 6 month build time then possession is after the house is completed and after closing.  

I plan to fix and flip or use as a rental for some time and then resell depending on the numbers once I get possession of the property. 

A well capitalized person could give her a square deal and still make out ok if the numbers make sense.A life estate like Jay mentions is where she basically gifts the house in exchange for lifetime possession without upkeep hassles or lease payments. 

@Julie Taylor since the bank is in possession of the piece of paper that has the lein printed on it, I don't know how you could cloud that title.