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

BP hivemind - If I buy a house in a good school district, say Brookwood, and house hack.

Quote from @Anthony Michael Hamza: Investment Info:Single-family residence buy & hold investment.

Rather than just spending the money on a rate buy down. 

I’m looking to buy land in Tennessee, but I live in New York and know nothing about what neighborhoods in Tennessee to look at and which to stay away from.

You may be declined for not being an owner occupant, but it will still buy a little more time.

@Wynn Williams You could buy it subject to the existing mortgage, but I'm hearing about those due-on-sale clauses being exercised often now.I would structure it as a lease with an option to buy.

Do you want to take that chance?

There's a good chance the issue(s) you face has already been discussed and answered.Ask questions in the appropriate forum.

You can buy a SFR to live in for 12 months & then convert into a rental.