homepath houses for the 10% loan how does it work?

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My question is what qualifies a house for the homepath financing? Some of the houses that need more rehab don't qualify because they involve too much work I understand that.

Some other questions are how does the rehab loan work? For example do you have to use there list of contractors? I will do my own research on ARV of houses but is this something that they take into consideration when giving you a loan. I am new to the whole process and am in the process of getting pre-qualified. I also love the fact that my first property that I am buying can be used as rental income for 75% despite not having significant landlord experience. I now have 10% down for 2-3 more rentals in the 40-50k range so I plan to keep looking around now. thanks