Tons of great info in there and it might help point you in the direction you want to go.

If we purchase the house with our own funds what kind of loan would we need to get for the rehab and can someone point me in the right direction about how that type of financing works?

The expenses seem light. 

I wouldn't say that I am extremely experienced, but I have don't a few deals, and since you are only looking for the first deal, I think I can shed enough light for you.From the time I decided that I was going to be a REI, to the time I was signing a contract with a seller was about 4-5 months.

Any advice or direction is appreciated. 

Any direction for this would be greatly appreciated!

How can I find a database of foreclosure properties, probate & Non-owner occupied (Absentee owner) properties .

Thanks in Advance!!!

Also you will need a flange extension for the toilet waste pipe.Swap out the vanity/faucet, medicine cabinet, and/or light fixtures.

The borrower's best option is to reach out to the lender through the servicing company and request a loan modification directly.

Are the tenants paying you directly or is it coming through the PM company?