Got to shelf the reservations for all units until we can fix this.

So I was going to start title search first, then if it comes back clear I'll give them about $10k cash for them to move out and catch up on bills, then fix the place up really quick and turn around and sell it on the MLS.

Your mortgage payment is fixed, your rental income is not. 

If I recall correctly, both had long-term, seller-carried notes at fixed interest rates.

We did & it was only a fixed percentage of the amount received from the insurance company, no other fees.   

Planning to purchase in Phx,Az and surrounding areas, my equifax score is 700, experian 645,no debt whatsoever, have 1099 for 2022 and 2023 (required 2yrs), on my 1099s it says i make 135k per year, do not have tax returns (yea, yea), im planning to first start with my bank wells fargo.This would be my first home and at 1st plan to live in it, possible house hack, going for a -$300k loan. should i go traditional, fha , i plan to be on a fixed rate so I dont get surprises later on.In my situation, what down payment amount do you think will be needed .

The advantage is you lock in a fixed interest rate for the life of the loan.

I’ve looked into home purchasing but most of them are expensive (the ones that can be fixed with under 10k).

Whether you want to buy a 2-4 unit place where you live in 1 unit and rent out the rest or do something like a live in flip (where you fix up a house over the course of 2-3 years, move out and sell it to capture a tax free profit), it will mitigate your risk because it is where you live. 

And for those who have a hard time finding good contractors, what would you say is the number one reason it's hard to find a good contractor and what would you suggest as a good fix for the issue?