You must owner occupy a property purchased via FHA loan (or even non-FHA loan where you indicate owner occupancy).  

If the terms of the lease indicate a 'hold-over' and is now a month to month tenancy, then you may give the tenant 30 days notice to move out.

2) The SBA being the only lien holder left that I can deduce and being in the defendants list, that indicates that their liens would fall off of the property during this foreclosure sale, is that right?

Which indicators do you look at?

In my area we are at about 0.7 months of active inventory, so that means houses are going to sell for much more than "then comps" would indicate by themselves.

It is real challenging at the high LTV that you indicate.  

No one can know exactly when government assistance arrives, so you better serve the notice and indicate your tenant that you are only following due process.

Since consumer spending accounts for over two-thirds of all economic activity in the US, the retail sales data is a key indicator of growth.

Lastly as your post indicates the vast majority concentrate on selling Billy and Bobby Sue a home to live in .. they are not in the investment space.. don't work in it have never studied it have no desire to be in it.Civilians out who are not in the real estate business just don't know what they don't know about the industry as a whole.

Assuming you have a 12-month occupancy lease, you could indicate the rental charge can "reset" at periodic intervals based on utility usage.