I’m buying to improve the property, listing, service, etc so i do it right away.

 @Sri Reddy it all depends on your goals.

Do you really think it's a secret? 

Let's say there's 3 properties in a 1-mile radius with 5b/3b, but one is a foreclosure and the other 2 are regular conventional sales.If you're doing a comp for your subject (4th) property, do you have to take the foreclosure one into consideration?

I would do the deal if I were in your shoes.

do you have a good attorney?

@Chris Kelly It is very hard to evict someone for a lease violation and never mind something that is legal to do in the first place.

Or an experienced flipper/rehabber.What you don't want to do is bring in partners who are just like you.

Live there for a year while you fix it up.

And usually you have to be self sourcing them or doing some serious turnover.