Would you buy a property and sit on it?

[Simon Obas]

Hey! I found a house for $270k with an ARV of $425k. Rehab $30-$40k. The only qualm is, the home has a tenant and the lease is over in May. The price of this home is a steal for the location and a nice home in general. I would be using a hard money loan to get the property! Do I purchase it and simply collect the rent until the tenant moves out OR do I walk away from the deal?