You can't just give notice and have them leave.If there is indeed an agreement for Deed in Lieu, you're still in the position of inheriting a tenant from the previous owner and I don't see how you can vet the quality of that tenant ahead of time.

Thanks ahead.

But I wanted to provide a heads up to other HUD Homes investors...you might want to check if it was acquired in a "deed in lieu" and if there was equity left on the table.  

Thanks guys - seems like some of the development I read about is not going ahead.

Just go ahead and bite the bullet, and act immediately.

Believe that within your market, that integrity will eventually stand out and put you ahead of the competition.

I like this approach because you can ask the posters who they ended up using and if they like working with them.I went ahead and pulled up 4 posts of Colorado Spring BP members asking for a CPA.https://www.biggerpockets.com/forums/629/topics/20...https://www.biggerpockets.com/forums/48/topics/304...https://www.biggerpockets.com/forums/629/topics/41...https://www.biggerpockets.com/forums/629/topics/50...2.

Just a heads up, in case you hadn't considered it. 

If you determine after that phone call that you would like to go ahead we would then order property evaluations which would be the only cost you would incurr.

I'm not sure if we should use that cashflow to pay off the reno (assuming the $579/mo cash flow - it'll take another year or so) or go ahead buy another property.