It all depends on the laws it that area.
most areas you can ask the tenant to move out after the lease is done.
or negotiate the rent again... saying that, some areas are protected with rent control laws, and you can not do that.
so check with a local lawyer.
orlando invester amgrents.com... more
Hi Trav- Cash would be great. But you have to still pretend that you are a bank. Do all the due diligence that a bank would do. I can walk you thru a little of that if you'd like. I'm a mortgage broker, but also have bought a couple properties for myself using cash deals or seller financing. You still have to be smart to protect yourself and your new investment.
Yes, a RE attorney is key- but not the only key.
Home inspection is a must, but there are many kinds of home inspections and inspectors. I could give you a little advice on that if you'd like.
Feel free to contact me if you'd like. Thanks, and good luck,