The key distinction is the bank, since it makes it's own guidelines can waiver from those with more autonomy.  

I have been trying to buy out of state investments and came across a turn key company in Memphis.

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Any turn key triplex or 4 plex that you would recommend in B class neighborhood? 

With your full time job, I would buy a turn-key or nearly turn-key multifamily with an FHA.  

So, without the key control, you still have different sets of keys for each apartment, right?  

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In some jurisdictions you can require a property, or a unit in a residential multifamily (2-4 units), be delivered vacant if you, or an immediate family member, plans to occupy.If your jurisdiction does not have such provisions, then hopefully some/all of the tenants are on month to month terms.  

However  he is a key player on our team.

Key to it is the same as painting, the prep work that goes into BEFORE and the quality of the job itself.