Are there any creative ways to access these funds that would allow us to use the property aside from cashing out and paying penalty and income taxes on it?

Gotta get creative and move the money around. 

There is nothing productive, or creative about taking a property, turning it around and selling it as it is for a profit.

Brian,I hate legalese, even when it is supposedly worded correctly no common layman can decipher it.If some act or legislation is aimed at restricting the private investor, then we should just be able to contact our Congressional and Senatorial representatives and in plain language say we are against any law that proposes to regulate the right to sell our possessions in any creative way we can.

You have to be open and creative, consistent and persistent.Also understand that many markets experience strong seasonal shifts in activity.

Win-WinNow that you have this one under your belt, and before you are ready and capable of taking these down on your own, find another deal similar to this and before you find it, research strategies of how you can increase your profit through other alternative and creative means to wholesale it.For instance, rather thna double close the transaction and incur two escrow/title/recording fees, lock up the next contract in a trust and name your buyer as the beneficiary.

[b]Private money: private investors don't follow the same set of rules and regulations that traditional lenders follow so this leaves the door open to allow for creative financing.

of creativity, practicality and sensible billing.

Reed etc... but even though I read books and tried to ARMED my self with knowledge and am familiar with a few creative strategy like judgment investing, buying subject to, owner finance, discounted lien aka short sale etc...

Train them about the Wholesaling process, USA versus Filipino cultural differences, key terms, telephone sales skills and anything else that comes up.This service is free of charge and will not be available after a couple people signup since I only have so much time.Disclaimer - I'm offering this service for free for 2 reasons and none of those reasons include me knowing everything or being a genius.#1.