@Erika G. absolutely get them both sign off on a notice to vacate and willing to    Forfeit last month and security deposit, while also handing over keys.

I have a clause in the contract that they will forfeit their earnest deposit.It was listed at 399k, and sold for 404k.

If court is backed up in your area, it may take longer.The TB would forfeit their option consideration as well, so that helps deter them from wanting to up and not pay.  

I also heard that investors also require the tenants to do their own repairs during that 5 year term as well and if they leave the park, they forfeit the home.

This makes for huge post auction lands available lists....Cert Holder winners who are not local will, more often than not, forfeit to Lands available lists knowing an investor will buy the property over the counter from the tax deed office & the cert holder winner will get his investment back plus 18% ( in Florida).

(Reasonable times to be met)- Offer the tenant termination of the lease agreement within 30 days with forfeit to any prorated rent or security deposit refund.For those of you with experience in similar situations please let me know your thoughts here.  

The only way to walk away is to forfeit my earnest money.Unless I find something wrong with the property through an inspection and the seller doesn't want to repair it.

@David Finley It is still a bit early to have forfeited the house and be ready to auction it off.

I had a few options, refuse to sign (potentially forfeit my deposit), pay an extra transfer tax to switch to an LLC or roll the dice and leave it under my personal name, obviously I chose the latter.Anyone who has gone through the mortgage or refinance process with larger banks knows exactly how tedious this can be but its the fourth "R" in this strategy and one if not the most critical step.

I assume these are for deposits that have been forfeit by tenants leaving early or damaging their units.