Both options are highly capital intensive.  

Investors buying in management intensive areas and not knowing the TRUE risks associated with those assets and neighborhoods.. they get a lot of turn over a lot of damage they were first time landlords and bought a few rentals and only have maybe 20k in reserves they run through there savings property never gets better and they finally fail.Half of the foreclosres we see out there are number 2.

And by and large the experienced folks are trying to help the Newbies from getting ripped off from Turn Key operators and LA based marketing companies along with the national guys like Montelango , Than Merril and others.It can get quite intense ...When I popped on and said I was a hard money lender my Creds were challenged within 15 minutes.

From here out the construction feels like it takes longer simply because the remaining tasks are time intensive and don't have the visual impact that framing and siding do.

It seems like the classes you took were for your Brokers License, which is a bit more labor intensive. 

This is some seriously labor intensive work and you want a careful, skilled crew to do it.

It's still very difficult, time intensive, and sometime frustrating.

It is extremely labor intensive.

They even had a video of the process and it seems pretty intense.

The process was labor intensive, and I wouldn't recommending doing it yourself on anything larger than a small condo.