I am making calls and having conversations and these pretty much feel like regular loans but with crappy rates.  

Dealing with the city environmental health was a nightmare.

I would pay him back since all I brought was regular check book.

I don't plan on living in it.1) Can I get a regular residential mortage on it (with normal rates and down payment), or do I have to get an investment type mortgage?

Anything that appears to be a health or safety hazard on a potential property needs to be repaired BEFORE  it qualifies for financing.2, sellers usually are willing to make/pay for minor repairs such as chipped/peeling paint, cracked windows, exposed wood or things of that nature.

There are two vibrant REIA groups that meet regularly.

This may result in the tenant having to leave however with no back ground information on the tenant you are safer finding your own tenant than keeping one you may have issues with starting out.Keep in mind finding/replacing tenants is simply part of the responsibilities landlords deal with on a regular bases in the operation of their business.

I would pay him back since all I brought was regular check book.

To know your equity you must know your market, often it is a educated guess as you will see on the forums people regularly posting ARV. 

At times an investor will see your hunger and that you are attending regularly and will inquire of your goals and will initiate.