Totally up to you. Depends on what kind of life you want I suppose. Reserve will be 5 on 2 or 3 off. Lots and lots of people commute. In my opinion this job is A LOT better if you live in your domicile though. The stress of catching flights to and from really clouds your day sometimes.

In reality, you are not going to be on reserve very long, nor will you be in MEM long if you don't choose to be.

Commuter clause (Call in Honest Policy) says you must list on at least two flights both of which are scheduled to arrive at least 1 hour prior to your SHOW time. They both must have resonable chances of getting you there is terms of load factor. (If both are oversold when you call to list, obviously they don't count as good options.) If you don't get on the first flight you call scheduling and let them know. Hopefully you get on the next. They have the option to positive space you in OR they will have you just get there when you can and pick up what is left of your trip. (you loose pay for the legs you miss).