@Vasily R.First off, a premature welcome to Denver.

I live in a home that i would like to make my first rental property, which needs a ton of work. my credit score wont allow me to finance a pack of gum, so im unable to get a heloc. and my job doesnt pay me enough to have a savings. i have been doing a few diy projects here and there but at this rate i will have my property ready for rent in 2040. any suggestions on what i can do to speed up my renovation project to get this house rented out sooner?

Further, we don't know how the OP is organized for federal income tax purposes.Thus, the conclusion that the lender has a 1098 obligation is premature. 

They will promptly stay put because courts are closed and evictions are banned.Maybe if you give them enough cash they will even make a partial payment on the rent and really gum up the works!

When the tenant (shockingly) moved out, they left the following:- random miscolored paint on the wall- hundreds of roaches crawling everywhere- damage to all doors (appears they taped something on all doors and pulled it off removing the paint on the door)- deep scratches on the hardwood floors that will require replacement - gum and wax all over the floor and on several walls- something sticky all over the carpet when you walk anywhere the carpet sticks to your feet - also very oddly it appears the tenant changed the locks for some reason  landlord’s key doesn’t work- tenant removed all smoke detectors I could go on and on.

@Chukwuemeka OgbonnaFirst off, a premature welcome to Denver!

If you are getting into the market for foreclosure flips now, you are a bit premature.

If a potential partner would like to come in on the deal with me, with the financing available, I did not want to prematurely lock in any other finances.I would love to hear what people with a more experienced eye notice about the deal that I may have overlooked.Thanks in advance!

Vacancies, repairs, and pre-mature turnover.

I highly recommend it to every family when it seems premature, since you think alot better before the emotions kick in.