do you need FHA due to DTI or credit score?

Depends on budget really but, if you want to be in the heat of the movement, stay north, thats where the money is going. 

Down payments however, are usually 25-30% depending on the project and lender you are working with.

I would prefer to flip it but it may be my first rental property depending on the circumstances.

@Megan Bridgette,The answer to your first question is, "not hard, but not that easy".The answer to the rest of your questions is, "it depends ...".It depends what you expect from foreclosure.com.

I have several LLC's, and honestly do not know if a business ever establishes a credit score, or if you simply continue expanding the relationships that you forge and build over time with the smaller banks that you do business with.  

But the competition between remaining products must depend on the market.  

Depending on what percentage your commercial Lender will loan you against their new appraisal, the usual 70% means that you wouldn't get all your original $85k back  at refi.

The goal would be to rent weekly roughly what the mortgage costs or more depending on what the numbers are and the market will support. 

Credit score is good.