Jeff - all great questions, and there's an abundant amount of information that I think would benefit you. 

There is an abundance of resources (many are free) out there at your disposal, podcasts, BP blogs and forum discussions, youtube videos etc.

There are an abundance of Duplex' in Bradenton, most returning about 1% with minimal rehab.  

One is an abundance mindset one is a scarcity mindset.

You have an abundance of knowledge on different topics, take at least a month focus on the topic that you would like to learn more, and then look for a mentor.

Short-term sacrifices and delaying gratification will bring you abundance later in life.Definitely take advantage of your first-time home buying benefits and consider house hacking a duplex or 4-plex.

@Cathy Bui the type of property you describe and the strategies you mention are all fairly straight-forward, and the info on these topics is abundant and mostly free or very cheap (forums, podcasts, youtube videos, articles, books that only cost a few bucks)...unless you're signing up for some type of long-term, in-depth coaching program, it's probably not necessary to pay someone for this info...Regarding this specific property:  you say the triplex is class D+ to C-  ...is the neighborhood also D+ to C-?   

I know the number of foreclosures varies widely by neighborhood, city, state, etc.But this current time seems like an investors' dream, when many homes can still be bought for 20 cents on the dollar.Anybody care to speculate about how much longer they think this abundance of foreclosures will last?

One of my main concerns about the Memphis market has to do with the abundance of turnkey companies there.  

Currently I have zero experience in Real Estate and have become intrigued with some of the success stories and abundance of fantastic information I have come across here on BP which was the driving factor of me wanting to become a member here so I can learn and hopefully one day contribute.