The Plan:So, in the interest of fulfilling my criteria of moving out at the same time, I am planning to use a 203k FHA loan to rehab a distressed property once I find a great deal.

It's also a pretty easy/relaxed job but it's not fulfilling. 

I hope you had a fulfilling time off.

All numbers aside, my goal is to get a conventional mortgage on another property while I am fulfilling the 1 yr requirement for owner occupied loans.

Sometimes it is one person fulfilling both roles. 

Most contracts have a section in regards to how to handle disputes such as "mediation and/or binding arbitration" section for such mattersKeep in mind that when you sign a purchase agreement, and all contingencies have been fulfilled, the purpose of the contract is for both parties to perform and be protected.

If you are seeking to play the long game and are willing to fulfill those requirements, you simply cannot find a better niche to ensure your investment success IMHO. 

I prefer to hold the title until the tenant buyer has made their final payment and fulfilled their agreement.

In my mind, id prefer to know I could fulfill the deal before agreeing to it.

My guess is either a crem-de-la-crem private investigator agency that has 3 sassy hot young(or whatever gender floats your boat) women investigators working for him, that he only talks to over voice conference OR Nick and his little person assistant run a tropical island resort that fulfills their guests fantasies.