My main questions would be: how long does the entire process take from applying to actually having possible tenants to start picking from, and how do they determine exact amount for rent (the amounts listed on the housing authority site seem way higher than market rent, I’m wondering if I will actually get those numbers or not)any other general tips or advice is also appreciated!

Should I sell (use the money to buy other rentals) our current primary residence in Tampa or rent it out?

And, most recently adding a method Brandon Turner introduced to many people for organizing thoughts and brainstorming goals(Outcome goals), then breaking those down into habits and actions(process/action goals) to accomplish those outcome goals.

with a BRRRR you just refinance instead of selling when the rehab is done. 

Thank you all for your support and advice during this process.

That is part of the learning process. 

What technology or tools do you recommend for managing private lending processes and client relationships?

I've got several investor clients here in the Indianapolis area looking/selling similar properties to what you described.

Essentially, the cap rate is the proportion of Net Operating Income (NOI) to the property's value or selling price:Cap Rate = Net Operating Income (NOI)/Property ValueThis ratio offers a direct method to evaluate the yield a property generates in relation to its cost.For advanced real estate investors, integrating additional factors might prove beneficial:Vacancy rate: The duration the property remains vacant.Operating expenses percentage: Includes insurance, utilities, and maintenance costs (excludes mortgage payments, depreciation, or income taxes).The adjusted formula for net income, incorporating these considerations, is:Net Income=(100 − Operating Expenses %) ×(100 − Vacancy Rate %) × Gross Income

How expensive/difficult is the foreclosure process in a case like this?