All helpful and creative ideas are greatly appreciated.

I was reading articles/blogs and BiggerPockets was mentioned in one another forum.I'm not sure how to prepare a strategy , one of the approach mentioned in blog was get a real estate agent license !!!

Mentally it prepares everyone for the expectations and formalizes things you may have said.

Real Estate sometimes goes by the name "Creative photography" Don't want to make too much of a joke out of it - but it's not uncommon for a seller or agent to make a real dump look real good.  

I coach creative financing where a motivated seller of a pretty house will consider terms instead of cash.This includes wraps, sub2, master leases, jv agreements with sellers, lease options, and more.It is all about the negotiation.See http://www.biggerpockets.com/blogs/3/blog_posts/30...

@Dave Salcido the creative juices are flowing now!

Mark,It sounds like you're looking for a creative strategy to (sort-of) flip houses with the minimum cash outlay..... and you want to use the equity you built into the home-owner's house to get paid (win-win..... maybe).  

Can I do something creative if I found them through the MLS?

That is the creative answer I was looking for. 

I am a "would be" REI looking for creative ways to jumpstart my first deal.