I'm going to pull out this fantastic quote for you today:"Kill the doubters with success and bury them with your smile."

@Kuan JengniangWelcome.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

METRO detroit has rallied harder than almost anywhere in the country since the crash.The bankruptcy is a fantastic thing for the city.

Note: contractor is not licensed in state of Florida and no permits are acquired.Property is completely fixed up, looks fantastic, everything is to code standard and functions well.Obviously there is going to be a fair bit of headache and costs to ensue regarding not acquiring permits.

@Michael P.Welcome.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

Is there some other creative method that I am not aware of?

@Alan MalicseWelcome.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

The bank's intent, while not spelled out to cover all possible schemes or methods, was to ensure the buyer kept the property for 90 days and not sell it, to remain in title as owner.

I have developed a method that is a hybrid between Jerry's technique and Michael Quarles technique, and added a little of my own.

The income method will be heavily scrutinized (with good reason).