You are competing against RE investors that have experience, likely deeper pockets, likely more knowledge, likely a better network.The house hack is not available to most of these more experienced investors. 

I'm interested in hearing from experienced investors who are in position to compare different methods of passive investing. 

Looking for advice from the more experienced folks.Any advice us greatly appreciated!

If you can work for free or cheap for an experienced investor or professional and in the process acquire tons of knowledge, you will build the foundation needed to grow in the future.

They informed me today that they are not really experienced in dealing with pre-foreclosures procedures such as paying for back payments and taking title of the property and making the payments to the bank until it is sold. 

I can make the obvious assumption that many of them have seen the guru ads who make it sound like shooting fish in a barrel and believe it will be an easy way to become an investor without money.As illustrated many times before from a wide range of experienced investors the path to a successful wholesale business requires a good amount of capital to spend on marketing which most newbies do not account for. 

I am wondering what experienced investors/builders might think about the following investment scenarios (sort of passive income): Buy the right piece of land and build a five/six row of townhouses and rent them out (@1,500 sf/unit, maybe rent them @$1/sf or a bit more) Buy a beachfront property overseas and build a small resort (six luxury villas/bungalows) each with private plunge pool and stunning views (charge $350/$400/night)-option 1 is less risky than option 2 but rewards are considerably lower for option 1.

Another project involved taking down walls and new mechanicals.I am looking for experienced GC's (at least 10 projects completed) with verifiable projects/references.My main area of focus is Central NJ.

What are some other options that I haven't mentioned that you guys have experienced in the past with creative funding for a long term rental?

I would advise you to partner with an experienced rehabber on the first few flip opportunities.