There aren't many syndications that allow 1031 exchange money to be used.  

If they are borrowing 75-85% (putting down 0-10% of their money,) it’s virtually unsecured debt as you would never collect a dime during a foreclosure.

I want to inquire more real estate but dont want to use my money anymore.

You will spend lots of time checking the quality of their work, from TAXES, to the most mundane administrative work of Registered Agent services.

Outside of real estate and my full time tech job, I enjoy traveling, watching movies and spending time with my family.Excited to learn and connect with you all!

Investing in real estate with your own money and from a position of financial strength is, I believe, a far more rewarding experience than leveraging other people's money and being dependent on a positive outcome to keep you afloat. 

Or do they use the virtual banking model like Baselane and Quickbooks Money, etc?

This is what stinks about contract for deeds in florida - you still need to foreclose on them and spend $5-$10k and wait about a year before you foreclose. 

There are way to many PM's not getting properties rented and they are staying vacant, there is also way to many rentals being rented less than market rent to get a "quick tenant" causing investors to lose money, you will also need that PM to be completely productive and quick to the applicants and also not trying to incentivize off of your property needing repairs.

No way a newbie just happened to get a prop they can DOUBLE their money on in 5 months.