I have no experience with tenant evictions and after some due diligence, it could take at least 3 months, until... depending on the judge.

And when you said the management company takes a 550 credit score , all I see in your future are evictions .   

@Jacob Hrip For a first-time investor, financing options like a HELOC or private funding depend on your strategy and risk tolerance.

Depending on how it is done and what guarantees the government offers and requires of the released entities, interest rates could move slightly higher.

It also depends on how much money you have and how you use it.

Answers to the other questions depend on a lot of factors, and the temperature of the market as we head into presumably tough times. 

An FHA 203(k) loan is definitely one route, but there are other ways to make it happen that might even work better depending on your situation:1.Private or Hard Money Loans: These could be a good option if you want flexibility.

Quote from @Paul Lucenti: It depends what you're looking for.

. :-)(just kidding, but depending on the Guests demographics, we can direct them to the best dispensaries...)

8%-11% is pretty standard here and as someone mentioned it really just depends on how the company is run.