Go for it, my CPA recommended as well.

Have you heard that as well?

The only reason they shed tears and beg to stay is because you are probably renting to them well below market and it is in their best interest to stay put as long as they can.Did you sign a lease?

Most allow gifted funds for the down payment as well as seller concessions of 2%. 

Hey guys hope all is well man I feel like I’m the only person on BiggerPockets in Miami lol 😭 let’s connect wholesalers looking for any wholesalers in the Miami or broward area !

@Paul WeldenThat’s what I was thinking as well

Kind of set it and forget it. 

Needs some new windows in the near future but overall the previous owner had set the home up pretty well with a nice big newer bathroom, solid countertops, hot water heater and recent siding.

I would also suggest looking at the IRR of this deal as you have some moving parts on this deal (renovations, etc...) and also include your exit strategy (refinance or selling) into your modeling as well. 

I plan to sell convenience items as well as fresh produce, baked goods, and hot meals.