I am currently stationed in Florida and was wondering if anybody could share some contracts they use, that would be legal in Florida.

I'll invite lease option master  and coach @Brian Gibbons in case he would like to share his thoughts.  

There is a massive amount of other things that I have in mind that are all connected to this real estate investing adventure, but for now I need a flow of income to get the first steps started.

If you have any tips or comments please feel free to share them with me!

My father owns a construction company in my hometown, so I have spent my fair share of summers swinging hammers and digging holes.I am employed as a full time engineer and I am looking towards real estate to supplement my income and build a more stable future for my fiancé and myself in this exciting stages of our lives. 

@Rob Sasser do you mind sharing some of your wholesaler connections?

You collect fees along the way under scenario 2 as well for acquiring, managing and disposing of the property along with your share of the cash flows.

honestly, your questions indicate you are NOT ready yet. you gotta read more. there are some really basic things you are not getting. also, it sounds like you don't have much money.flipping is...hard. even when property values aren't so massively appreciated like they are now. so much has to go right. you need to know your market very intimately, know your costs to a tee, and have plenty of time to coordinate trades.when people like yourself show interest in flipping in this area, it makes me worried that we are in a bubble....only difference from last time is that you very likely can't GET financing now.

I have identified a home here in Anchorage I want in need of massive remodel, and I would like to try and use your strategy with them (but slightly modified: I would pay them off in a lump sum after the remodel work is done and I can get conventional financing). 

If you're ever up this way, give me a shout, I'd love to chat and share experiences.You got any goals in mind yet?