I think FHA or conventional 5% are going to be easiest for you to apply.

This is the simplest method, but it also means your tenants are more likely to abuse the utilities by leaving windows open with the heat or A/C running, leaving lights on, ignoring the toilet that constantly flushes on its own, etc.3.

That would be the easiest solution in my opinion.  

I would be careful attempting the BRRRR method out of state to start.

You should just identify your methods. 

I'm currently looking into the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) and need some advice on structuring a deal for a house that's in foreclosure.Here's a brief overview of my situation:Property Value: According to Zillow, the house is worth $649,500.Current Loan Amount: $470,000, which is the current market value without any repairs.Funding: I'm looking for a hard money lender to cover 100% of the purchase cost and rehab cost.Tenants: I already have tenants in place.I'm working on getting the exact numbers for the rehab costs, but I would appreciate any advice on how to structure this deal effectively.

I usually will say who referred me to them and say that they are a friend, neighbor, family, etc and will then ask what their lead times usually are for work to be completed, how they communicate, are they comfortable working with me being out of state, how do they collect payment (terms and preferred method) and do they offer a business rate?

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

It looks like the process in Miami-Dade County (MDC) is quite different, with apparently judicial foreclosures being the predominant method for power of sale enforcement.

They filed complaints with the city between court dates to keep things pending and they used any method they could find to cause continuances.