There are some instances that you pick up a good tenant that doesn't care about  the area but for the most part qualifying the tenant is a problem.

A refinance is easier to qualify than a purchase and his barrier to refinance would title seasoning.  

All markets are different of course, but in my opinion you should be priced so that you can choose between a number of qualified applicants

Here are my questions: 1.If I use the conventional loan, how easy would I be qualified for the 5% DP and would I be able to qualify for rehab loan as well?

Hey, South Florida wholesaler here, Yes, i think you should just pass on the deal or refer her to someone who does Short Sales assuming she qualifies for that, but they definitely no room to wholesale.Good Luck! 

They cannot materially change the document or any of its provisions, and changes such as strike-outs must be approved or otherwise "blessed" by a qualified professional.

Will she be able to qualify?

also, make sure the funds from the sale of your CA property are deposited directly with the qualified intermediary....anything that goes directly to you from the sale of your CA property is ineligible for a 1031 exchange.

At this time I will have been a resident in Florida for a year which hopefully qualify me for instate tuition.I will a lot myself 4 month to finish up Pre-requisite module and 2 year to complete an MBA part-time.9/2017-1/20205.

The lender still qualifies you.