I was hoping I could get some more general information on how this whole process goes and to inform myself on the pros and cons given im a newbie and don’t know much.

The better the rates, lenders generally want to see more experience, higher credit, occupancy and DSCR requirements. 

You should consult a tax professional for an answer based on your unique situation, this is not tax advise just general information.

You would have to be significantly cheaper than my current cleaners for me to give you a shot, because I generally have only changed cleaners for either consistent subpar work or increasing/unreasonable prices.

The general consensus is to sell it.

In my experience, you can absolutely use hard money in bank owned reo auctions...you still don't generally get access and thus need a lender who does need an appraisal in this scenario. 

You are generally going to either buy it at 95% of value or what is owed, which ever is lower. 

But it certainly seems like you're right that BP offers much more in general

Any general advice would help.  

tough one.. generally you have a captain and then crew.where I have seen this work is through an earn in situation.