I can understand your thinking. :)

I would gladly "option" a building to a tenant that needed work, while I would be fair if there was a problem for you at the end of 12 months there are others that might not be so forgiving... its a contract after all, your an adult and you should understand the risks before you put your money and effort into the deal.

You should create a note, secured by a mortgage against your property and sell that note to another investor who understands the value and isn't constricted by a bank's rules.

I understand the high price program because of the information they offer and a list of hard money lenders and you are suppose to have a mentor.

Now that i am out of the military working in a new W2 career, i am trying to get back into the RE investing and actually understand how to invest more appropriately and correctly compared to just purchasing houses that i would like to live in...Currently i have about 80k saved up for my next investment deal and just feel like im coming up short on anything even coming close to 1% rule, so to see if there are ways to invest it, i figured i would ask the public how they would go about investing the money, because i am always up for learning something new.If possible, could you throw a quick example or maybe a short answered deal you could possibly go buy today in your own market to get an idea...I am currently searching up to 2hrs from the Tampa, FL area.

From what i understand it will need a full gut, new electrical, new plumbing to replace copper pipes missing, new drywall since electrical and plumbing needs replaced, along with probably new flooring throughout, paint, kitchen cabinets, bathroom vanity and tile...

Looked at houses in the area I wanted to buy - over weeks/months to get a general understanding of what made sense3.)

It's great to understand how these work and how to identify them, but I wouldn't say it's a necessity in order to get started.

I understand most of the pro's involved in buying preconstruction, but I would like feedback.   

The entire concept is that by investing differently and into something you understand, you can get better results than by leaving 100% of the savings in a handful of mutual funds.There is a lot of good information here on the forums, as well as several providers of such plans who actively participate.