My idea is to follow the 'we need room to perform service/work' method.

The most likely source would be a private investor who would invest in new debt through a self-directed IRA (SDIRA) or other tax advantaged method.

If you are comfortable with this method and bottom line then you really have answered your own question.I personally don't agree with your strategy to live in the property for 3-4 months to "take advantage of the FHA down payment guidlines".

I don’t need an original idea; I need a better method of executing an existing idea.

You can locate property ownership information, and contact the owner by by mail or phone (my preferred method of first contact).

(Joshua Dorkin you won't let us forget haha) With that said, I don't claim to know all real estate investing methods, but I'm confident Biggerpockets and with the help of y'all, I (we) can grow and learn.

So guys, Just looking to bounce some ideasoff of those brilliant minds.Just to reiterate earlier I'm an investor andinvesting to me is buying and holding witha medium to long term view for capitalgrowth, whereas, flipping is a business ortrading to make a profit which is something I need to educate myself more of.

Im thinking of using this method to get cash to acquire another property.

I had a vacant property where we had to have 3 treatments to get rid of the problem ... although it does somewhat depend on the methods being used to treat the problem.

There certainly aren't comps based on different methods of financing?