To keep or replace tenants?

[Victor Colon]

I am a new investor. I haven't purchased my first property yet. I have made about two offers a week since I took on real estate as my side hustle. Looking to BRRRR SFH's.

Educating myself as much as I can and here's my situation today.

My agent brought me a 4 plex and it's fully occupied. I made an offer on it kind of just to see what happens. I have been rejected or out bid on ever other deal , so I didn't really even think twice about it just wanted to see if I can get one on the hook. The selling agent said it was a strong offer and that the seller was motivated to sell.

Honestly wasn't expecting that, up until this point I have only really been studying about BRRRRing SFH's. The property cash flows $675 with 20% down however, the property does need work and it is low income housing, not so much the area, but the apartments themselves are.

My questions here is: Do I keep the current paying occupants and leave the property in its current state? Do I get them out to try and BRRRR the property? Is that worth the hassle? Would purchasing a property like this be worth it, even though it cash flows, there is not a way to get my capital back out until the property is rehabbed/ refinanced and does that mean I have to get them out for that to happen? I will continue to research this situation , but I feel like this is not the first time anyone has came across this situation. I figured I'd get a head start by opening up the discussion and getting some feed back on it in the meanwhile.

Thanks ahead of time for your advice, have a great day.