After they check Craigslist to see if they can find a better deal LOL.But, just FYI, if a tenant starts threatening that there are problems and hinting about suing - you should know, that a judge would look favorably on you giving them the option to move if they're not happy.  

When this was first passed, the city hinted that they would go after "out of town" landlords first, but there isn't anything in the law that requires the city to do that- they can go after whoever they want.I, personally, got my license in May 2017, right before the inspection requirement kicked in. 

If they start complaining and pointing out a lot of issues and have any hint of drama, I will either make it a condition of the sale that the owner have them vacate prior to closing, or I give them a 20 day notice as soon as I can (if they are month to month).In your case, I'd probably call the tenants (make sure you get their info from the owner) and let them know that you are the new owner and that you'll be mailing out a notice to them for where to send rent payments.

I'm seeing phrases in your writing that hint of desperation/exasperation. 

Only get into a deal like this if you're able to 1) go to the area and meet everyone involved in person, 2) research the area on your own so you really know what houses cost and what rents are (hint: prices and rents where you live in Miami are completly irrelevant), and 3) are willing to get on a plane and go deal with an issue if need be.

Also, you seem to hint at your desire to account for the value of your time invested in the work.

PR does not want to keep the house but at the same time hinted at getting retail.

They all hint at dipping into your 401K's to pay for it, and that is really unethical.  

@Dean Letfus @Chris Clothier Chris is the one who needs the new plane I keep dropping Gentle hints !! 

Can't help but think of the expression,"Fortune favors the bold" in this case.Hint, hint...I'd love your experience to be one of the next ones on the BiggerPockets podcasts. :)