Generally you want to find properties SOLD (not just listed) in the same neighborhood or general area with similar features, sq footage and updates that you plan to do.

Granted, that house had some challenging features but we were surprised by the lack of traffic.

There are numerous reasons why this should be the only option, outside of the friends/family discount.

The actual process was pretty simple and I gave the tenant numerous opportunities to leave on her own but she refused my last attempt I even offered her $500 to leave.

Great House with awesome features that we sold prior to completing it Lessons learned?

ARV is about $360k There are numerous loan products out there for your situation, but all (that I've seen) require a personal guarantee and are full recourse.

It is not difficult to serve a deadbeat tenant; there are numerous tricks to get a tenant's new address (some discussed on BP) if you have done your due diligence upon on boarding and collected enough data on this person during that process. 

We likely will need to up our tenant key count soon but we switched to LL Locks around 2012 (maybe it was 2013).  6 sets of tenant keys for 6 years with 19 units, I will take that any time (but 8 units of the 17 LTR units have not been turned over since switching to LL Locks - very slow turn over).I would investigate the option in the link you provided and compare the features with LLL to determine if the one in the link supports everything LLL supports. 

Home features 2050 sq ftm 3/2/2 with a over 500 sq ft basement and a 24x24 shop.

Hey EvanThere are numerous first time buyer programs out there.