These investors are more highly correlated with more sophisticated money and are unlikely to invest in projects like vacation rentals.  

the bank takes the property that secured the loan? 

The fastest way to repair credit is to use what's called Bank Round  RobinLet's say you got terrible credit you been bankrupt before and you want to repair your creditAs long as you have a good income and you can afford to do this step number one is to get $1000 together and bring it to let's say a big bank like Bank of AmericaGo see a consumer bank manager and tell them I ran into some serious trouble in a rebuilding my credit history I have $1000 that I like to put into a CD and borrow against for thousand dollars and pay it back as a consumer loan being reported to the credit bureauThe bank manager should have no problem using those security and they give you an approval usually quickly and they give you $1000.

They would have a note secured by re worth double their investment.  

It will also keep your Social Security number private.

The landlord also want three month security (12000) for a destroyed store.    

Also after the year is up for the FHA loan how easy would it be to secure another loan for another rental opportunity?

I currently have about $3000 for down payment but am able to secure more quickly.

@Jon Holdman  alienation clauses are in the Mortgage not the note... generally... note is promise to pay and spells out the terms of repayment etc... of course some have dual purpose language but mine that I do all have the alinenation in the mort or deed of trust or deed to secure debt that is recorded giving the world notice that if title is alienated that that is an event of default and at my sole discretion I can call all sums due and payable.

(I prefer to try to bargain with the tenant by giving some of their security deposit back if they leave quickly without problems before it is used up in back rent owed.)