Regarding the Reno, I really want to take a try and ABNB the property as it’s a great fit and something I want exposure to.

My dad bought his first rental property (duplex house hack) in 1994, which was my first exposure to real estate investing.

Also be sure to check out our free eBook, "Using BiggerPockets to Grow Your Business" for tips on the best ways to interact with BiggerPockets' members to increase your exposure and build your business.You can get it at http://www.biggerpockets.com/b... for understanding.

Interning with a hard money lender is a great idea as you should get exposure to the investing world.

That said, you did ask what is the “proper approach”  in doing so which is fine.Your best and proper approach (aside from making a post in the marketplace forums) spending as much time on BP as you can engaging the community, asking questions, and even answering questions you are able to will get you maximum exposure and help others see you.

Purchased property with Exposure Limit Line of Credit: 90% of purchase price and rehab, ~9% interest, 1 point Interest only for 12 months.

I am aware of some options from listening to the podcast, just want to hear some suggestions, proposals, etc. so that I can be more strategic in how I spend my time gaining real estate exposure.

@Tre Coleman  As Barry mentioned, the foreclosed home will go to an agent who will list on the MLS for maximum exposure and offers. 

The cost is typically higher when it comes to insuring properties under renovation, as carriers see more exposure when it comes to insuring this type of risk.

The savings aren't worth later headaches from insurance companies and your increased exposure to liability.