I do have cash but prefer to use across multiple properties with leverage.

Not only that, unless there are multiple mortgages on the property, the foreclosure sale likely wouldn't even be worth attending.

From a community perspective, I hope to learn and interact with all the great contributors.

You'll be converting your condo from a residence to a business, and that can be a big shift in perspective for some.

Now that you have multiple properties, each adding up to a small cash flow then if they were all paid off, but you let the tenants pay off the property over time.

well to give you some perspective I was VERY anti-debt when I started as well. 

Real estate is a great investment vehicle, particularly from a total-return perspective so I think you are doing a great thing by looking to get into it.

Furthermore, a contigent offer gets passed over due to all of the multiple offer situations we are seeing for quality homes.

I'm paying about 8% and 2pts right now in multiple states (including FL), but that's with experience under my belt. 

I’ve bought a couple turnkey properties in Memphis over the last year or so and so I appreciate your perspective of selling.I don’t plan on selling anytime soon, but it’s clear the memphks market has appreciated some since 2015.