All will play a key factor in help us come to an ultimate decision.

Any remaining gain would be taxed as long term capital gains.But if you bought it intending to sell than depreciation doesn't come into play. 

I've had many different scenarios played out, worst being getting a writ of possession from the Sheriff and them showing up in bullet proof jackets, drilling out the lock on the door only to get inside to have dog feces/urine 1" thick throughout the entire home! 

No tenant would ideal for me.

Need not to down play any profession.

In my opinion, the ideal is to be the second owner (2-5 years old).

One for Tennessee would be ideal.

But given the owner has been fighting off this foreclosure for nine years they seem unlikely to play ball.

A downstairs unit and an owner open to having 2 cats would be ideal.  

I have it described as this:"Split floor plan is ideal for roommates with a master suite on each end or privacy for a new family."