After putting a down payment on the principle, I talked to the seller and they would consider the contract fulfilled if they could get $500K cash now.

The nice thing about your pursuit is that you can either use REI to fulfill your goal, or REI to allow you to work in a job that helps everyone get real housing, while not sacrificing your own (and future generations') financial future.

Since you already know you'll be moving out of state prior to that your intent is to not OO, and to purchase with that knowledge would be considered fraud/misrepresentation.As far as buying OO when you already have a primary, as long as you have lived there for a minimum of 1 year you have fulfilled your OO commitment.

Were I under a CPA, the experience requirement would be fulfilled in 1 year.Thank you everyone else for the warm welcome!

They fulfilled their lease and were great tenants.

As someone who has spent the bulk of the past 6 years giving away information and spending thousands of hours working hard to help others be successful, I can attest to the fact that it can often be a thankless undertaking and the opportunity cost is tremendous (though don't get me wrong, it can be very fulfilling as well).

In the meantime, continue to fulfill your obligations as outlined in your rental agreement.  

I would not expect a property manager who knew they were being fired to fulfill their duties completely or do so very well. 

I plan on 20% down to fulfill the 80% LTV.

I wouldn't worry about renting it out once you fulfill their rules.