Typically hard money loans do not appear on your credit report (unless you are foreclosed on) since they're not in the business of reporting credit, but they will pull credit as part of their underwriting, so you will have a hard inquiry on your credit report.I've always used hard money for all of my deals. 

You have to stay in your FHA probably for about a year, I don't know much about your market but if you went with conventional financing (typically 20%) it may be difficult to find homes in the $50,000 price range. 

@Michael Robbins What do you about the rent for a typical 3 bed 2 bath house in Siverado Ranch area?

On the other, the lease they had prior to my purchase is much more like a residential lease than a commercial one, with me paying for a lot of maintenance and utilities that is not typical for commercial tenants.

Typically if they don't sell for what the banks want to sell them for at auction they may be sent to the MLS.

Typically, even if the USA is a named defendant in a foreclosure action, the government has either a 120 day or 1 year right of redemption.3.

HELOCs are typically only for owner-occupied properties. 

Those are typical loan terms.

They typically get loans Reperforming for a year and resell.

I’ve typically seen 100-200 an hour I think for this sort of thing.