I really don't want the house to sit empty so whichever would be the fastest. 

Whichever you can get.

Good luck, whichever way you choose!

Here are the terms : Transaction Details: Buyer will not be charged a Buyer's Premium for this propertyIf you are the Winning Bidder, an Earnest Money Deposit of 5% of the total purchase price or $2,500 (whichever is greater) is required.Buyer may receive a Special Warranty Deed or equivalent if Buyer is able to purchase title insurance without delaying the closing (title fees typically cost between $500 and $1500 and are based on the purchase price of the property).

FHA has a little know guideline that states all units market rent or lease agreements which ever is lower must be equal to or more than the total P.I.T.I and MI.  

Visit on off hours (one morning, then an evening, then late at night, then mid day, etc) and make sure all of the neighbors like you (bring cupcakes) and have your cell phone (magnets keep them handy).

I definitely believe now that the bank , or whichever financing you use is probably the most important thing in Real Estate. :-)

He's already offered to sell his entire company/portfolio and we are starting small to establish the relationship.I think if I can make it work, I'd the sell the properties later and hold the notes, or vice versa, whichever would make more sense long term.Here's the info on the notes.Note 1: Balance $17,849, Purchase Price $12,494, Asset Value, $50,568, Rate 9%, Payment $456, Payments Left 45Note 2: Balance $56,272, Purchase Price $39,390, Asset Value $60k, Rate 12%, Payment $600, Payments Left 275Note 3: Balance $46,340, Purchase Price $32,438, Asset Value $50k, Rate 12%, Payment $523, Payments Left 219Note 4: Balance $63,698, Purchase Price $44,589, Asset Value $75k, Rate 10%, Payment $613, Payments Left 239

They have a cell phone and a truck most of the time.

Loan-to-Value Ratio Up to 85% or 100% of cost, whichever amount is less.