So, if you have funds to purchase in cash and provide the proof of funds then I think it is ok to then go and get a hard money loan to close if you can.However, I also always view sales contracts as a relationship and want to be as open and honest as possible/practical.

Ideally, I am trying to transition out of the 8-4 work lifestyle for many reasons: I don't like feeling rushed in the morning and that's waking up at 4 AND preparing beforehand; My take home pay is not very much at all, making it a little more difficult to save/invest; I want to give more time to others and this goes back to my first point, but practicing gratitude more as well. 

.** still practicing analyzing properties in general **.

If you are going to be a buy and hold investor, you just need to be educated on the best practices.

As practice, I'd love to crunch the numbers and come up with a price I think is fair, then compare that to the winning bid at the end.

The seller mentioned that they shouldn't be bothered.The seller mentioned in the addendum that he didn't provide any appliances and that any belongings in the property belong for the tenant.What are some the best practices to transition the tenant from the old landlord to the new one?

Your normal business practice, correspondence with your professionals, actual rental, compelling reasons for the change in intent, etc. 

I am very familiar with BP now and I have gained so much practical knowledge from through the BP Podcasts.Nonetheless, let's get down to the business of introducing myself:As mentioned, I live down in South Florida (Broward County to be a little more specific).

@Philissa Gilliard@Pratik P. is just being practical because normally it takes awhile to connect with commercial buyers(or any buyers for that matter).

I also own my own tax practice and handle tax resolution cases for Tax Defense Network.