One thing, without competition everything will be stagnant because competition compels an individual, organization and so on to find better method of doing things.ThanksMatthew. 

When responding please inform me of methods, books, podcasts, advice, etc. of ways that I can start with no money, no good credit, and land some money in my pocket!

There are other methods, such as credit cards that offer introductory rates for balance transfers.

It's a "pull" method from their account, as opposed to what it seems like your friend set up, which is a "push" method from their account to his.I love not having to chase checks.

From my understanding you could get the certificate, replace all suspect, trim, doors, window, bannisters and other wood.

The last year we have come to realize it's nice having one of us home so I started looking into other methods of income.

Unfortunately (or fortunately), we don't have enough snow/ice down here in Memphis to use that method.  

Additionally, is there another method of financing that would be easier to arrange under my current circumstance... maybe buying an REO with an interest only loan and using hard money for repair costs...?

Any alternative methods to get all three owners an equity stake?

I want to buy and flip vacant lots using the methods outlined in Podcast 39.