If it is other than month-to-month, you can do what most investors will do, which is offer cash-for-keys, and work out a reasonable time-frame for them to move-out. 

YukiWhat type of work are you looking to have done and what is your timeframe? 

@Courtney Huber As a real estate broker in Providence, I believe that laundry not in the basement is an easy and generally inexpensive win for flippers.

In my mind, I knew I was going to spend that money in trial and error over a period of 6-9 months, so I rather wanted to shorten that timeframe and bite the bullet.

You would just need to be diligent in asking whether each property has subleasing restrictions and what are their requirements. you will find that some condos/co-op require you to live for a minimum of 2 years before you can sublease; or some may not allow you to sublease at all; or some may have a limit for the time frame in which you can sublease. it all depends. 

In what time frame?

Even accounting for higher maintenance and repairs, I am looking at about +$236/month, which isn't the healthiest but is positive and creates an IRR of 32% and CoC of 34% over the time frame I am wanting to hold it. 

Running his credit would have (at most) only lowered his score a couple points, if that, since any credit inquires of the same type within a short timeframe (usually 30 days or so) are treated as one inquiry so he probably provided you a forged or fake credit report. 

Also, is there a timeframe associated with the transfer of the funds?

Ran into a bad contractor and lost money and time.I got a good GC on the project now but it’s costing more than I have and I can’t refinance because the 1st and 2nd units have been demolished.The quote for the GC is 260k with 5 month competition time frame plus another 100k for ultilities (plumbing, electrical, hvac, sprinklers) 360k total.I have 165k in the bank and currently maintain a 75k salary position with a perfect credit score.