I found an off market deal for a building at 120k that is currently being rented by an attorney with a lease to end next year.

In your case, you are probably better off buying a break-even deal in Tampa then a deal with $200 cash flow OOS.

And your view on dealing with tenants is just like owning any other rental or living in a multifamily home. 

Hope this helps, and good luck with your next deal!

Make sure any lease agreement you use complies with Arizona's landlord-tenant laws, including required disclosures (like bed bug information, for example).If you're unsure, consulting with a local real estate attorney to review the agreement can provide peace of mind and ensure you're fully protected.

Investment Info:Small multi-family (2-4 units) buy & hold investment. 3 unit apartment complex What made you interested in investing in this type of deal?

Quote from @William Dorrough: I currently either purchase and value add large scale multifamily properties or develop, and build ground up my issue with scaling is we have done this without brining in investors i have a great deal flow with a good track record im really looking to do more i have the capacity but have the need for more capital in one way or another  Scaling without investors can be tough, especially in multifamily.

I’d be interested in getting on your list, if you truly have that many deals to shop.

It’s to your benefit to learn how to buy Properties using Subject To, at a discount, safely.Subject To Has 5 phases (ok, there are more, but I’m covering these 5 for now) JI did a spreadsheet on how to figure a good deal on Subject To.

Using spreadsheets is doable but not very scalable depending on how much you're dealing with.