Does someone have experience buying a foreclosed property and keeping the existing person/family living there and converting to a tenant? 

Matt that is the NMLS number for the company not for you personally  sounds like your a VA or something not a licensed lender..

My wife and I own it together, but i may be able to buy her out and keep it as a short-term rental without spending all my personal capital.I’m looking for advice on financing options, buyout strategies, and any creative solutions others have used in similar situations.

I have been around this personally for years  I was a vendor at Armando Montalongos how to flip houses seminars  a little bit with Rich dad  and lastly with Nick Vertucci's program.. 

I haven’t personally heard of anyone going the SB1079 route, but I have done some research on it.

It is very common for the typical bank mortgage person to make this mistake. 

@Mark Towey I don't "farm" areas personally, it doesn't really fit the niche I'm personally going after, but what I have heard from some major agents in my market lately is that farming is not near as productive as it used to. 

Do you all have any in-person meet ups?

Personally that is what I wanted, an active mentor. 

I email all my documents as pdfs with password protection, then I text the passwords to the person receiving them.