Where do I begin to learn about the cost associated with the 3 - 6 months of expenses and the inspection process? 

Has the title shows I’m about to start the process to gain my real- estate license.

The foreclosure process is not cheap or fast.

I realize I am not cut out for the entire REI process of consistently finding multiple properties for particular exit strategies. 

Everything you describe though is just the normal process of how taxes are reassessed when a property is sold.  

I like the notion of protecting peoples privacy to process.

Private Money or Hard Money LoanHow it works: Short-term loans from private or hard money lenders to purchase the lot and finance the construction.Benefits: Easier approval and faster processing, focusing on the property value rather than your income.Downside: Higher interest rates and shorter loan terms (typically 6-18 months).

This just seems like it puts me in a potential bad situation if something goes wrong during the process.  

Be careful not to violate any Fair Housing laws during this process.

It is just a reality how many PMs have no idea how to process claims and have close to 0 systems to protect assets for business owners.