What they do is basically teach how to Wholesale Commercial Properties professionally.  

There are a few others here on bigger pockets who have endeavored to do so and can attest to this  (but I will not name them).Basically AHP bought 1000s of low value non-performing loans, these require the most oversight mainly due to the condition of the properties. 

Basically if you are selling/buying a house that has been retrospectively licenced then that part for private use is ok, however if officially and practically if you wish to rent the place out on LTR or STR you are not allowed to ever use this space as part of your rental.

The bonds example was very helpful and made the concept much easier to grasp.

Basically I’m just trying to figure out which direction to go in.

It's basically dead in most areas.

I have been a traditional REI to date but love the co-living concept ... and ROI when done right!

As to the quandary posed by the OP: The root of the issue is that it basically sucks to be an RE investor these days.

Almost regardless of who teaches it - because the basics are the basics.But if you don't want to work then save your money - just look for sponsors/snydicators who can put your money to work.

It will familiarize you with the basic terminology and benefits of investing.