This means finding reliable contractors, inspectors, and, if necessary, real estate agents who understand the flipping process.

Just plan for reserves if it takes a year or two to break even.Take your time, do the research, and trust the process.

Do they have to go through eviction processes as well? 

Unless you've done substantial improvements to the building or used a large down payment when buying, it's unlikely this will work.Perhaps your best move is to find a new primary residence that is 2-4 units and repeat the process.

;(- if as-is value is less then the balance on the mortgage + arears OOOPS you need to have the owner work with the bank, you as the investor buyer AND a short sales expert often an agent work the tedious and usually failing short sale process. 

I just need to educate myself more about the lending process.

I am interested in talking to someone about the process of funding via DSCR the acquisition of a property currently being run as a PadSplit.

Could you explain that process?

Fractional TICs give owners the financial independence that has been associated with condos, without the need to wait for a condo conversion, a process which can take anywhere from 2 to 10 years depending on the specific requirements for the subject property.

It ends when they AND their stuff is removed to the level that allows you to begin the re-rental process.