However, for our long term buy and hold, this property's possession fits right in.

Possession shall be given to Tenant/Buyer immediately upon commencement of the term of this Lease/Option.3)RENT: Tenant/Buyer agrees to pay to the Landlord/Seller, the sum of:$__________(___________________________________________________________________)With the first payment beginning:_________ [Day] _____________________ [Month]_______ [Year], as rent for the property, for the term of this Lease/Option, and during any extensions thereof.

you are obligated to return security within so many days of possession by law so unless there is something in writing that shows otherwise that is the end of the lease.

Being a newbie to the entirety of real estate, I do not possess my license.

The bank went through with the foreclosure process they never took possession of the property.

Does the area possess inherent problems with keeping a residential building fully occupied?

You will be the property owner, but you will have handcuffs on since possession and use is granted to the Vendee.  

I had my first immediate possession/eviction hearing today.The judge ordered the tenant out by Monday the 21st, and then set a damages hearing for August, tenant wasnt happy of course.I inspected the place yesterday.

The house has had the same tenant upstairs for 18 years, making it profitable, but she is there because moving would be a monumental task due to her mountains of possessions.

Yeah, about 30 yrs ago I helped my boss remove possessions by putting them on the  curb while the tenant was at work, then boarding up the house.