He could have walked away when he owed $100,000+ and the house next door sold for $4,500Since he purchased in 2006, he has easily paid $10,000+ in MIP(Mortgage Insurance Premiums) and probably $1000s in above market interest to the lender.  

My tentative assumption is that yes, they could be successfully evicted, but it could easily take months.  

In addition, I think there is simplicity in "save money build credit" and is something to be long-cherished and shouldn't be overlooked too easily.

@Anna Watkins If they are the original hardwood floors most likely the finish that was on them has worn down enough that the hardwood itself maybe easily damaged by the amount of water from the steam cleaner.

I'm really torn because someone can easily come along and outbid us at any moment so time is of the essence.

Should I care that this one job seems very weird since they can easily cover rent ($1750). 

You can just as easily take the money from the flip and reinvest, but the problem is you will be taxed on that profit for that tax year.

I've come across some homes in Tampa and Cape Coral that are under $200K (closer to $100k) which can rent for $1200-1500 easily, with little to no improvements.  

If you're interest in lots of different aspects of REI, your alerts can get out of hand easily (I get like 100+ per day and my focus is relatively narrow compared to newer investors who are casting a wide net) so it's good to know that if something special and specific turns up, it'll be highlighted for you.Feel free to reach out if you have any questions about the Birmingham turnkey market.Best of luck!

I'm wondering if  an abundance of equity in two properties [SFR and 200 acres in Northern California [land is free and clear, home is easily 150-200k equity], might be something to put on the loan table.