It's a big goal to find someone to assist in this place I've not lived before.I also agree, and feel better about it now, that I've told them the problem.

I agree with Mike ,, you can do both.. 

This gives you time to plan your next move, improve your credit, build up a down payment, and Next, the FHA mortgage can be used on property when you agree to owner occupy; if you want to use as investment, then find a plex unit and occupy one unit.  1 to 4 units are still considered residential, while 5 units and up require commercial lending.All the best~

@Judy Graff, I agree with @Mark Hart that Memphis is a great market.

I'm in this to help people, and very much agree with the philosophy I have heard on the Investor Grit Wholesaling podcast which is only trying to help people find the right option - if that is me, great.

@Joe Splitrock I agree on your prospective of Nashville!

I tend to agree that they should bring in some net.

Tenant agrees to pay for repairs of all damages that they or their guests have caused.Landlord agrees to initiate repairs in a timely manner following discovery of the damage or can choose to defer repair until Tenant has vacated the premises.

I agree with @Alex Shiber. 

Agreed with the above - In Missouri, I have yet to meet a hard money lender that will fund foreclosures since they need a window to inspect/appraise and you don't get that with a foreclosure sale.