Can I see you on ESPN riding around in a bass boat?

His advice was even at a break even rate the option is worth something so we're going to ride it out.

Ride the current tenants at the current price and when the units turn over be ready to do a value-add rehab and raise rents to market rate for their new condition.

Most of the high volume flippers myself included have morphed into new construction.. where financing Is much tougher. 

It is sure to be an amazing ride. 

It's very much an up and coming area; a lot of young movers and shakers are coming in and setting up shop in its rustic charm, investing in the local businesses and culture, and it seems like the local government is riding that wave, investing in public areas and roads.

You may want to let that ride for a while to "test drive" the tenants so to speak, and then lock them in to a lease if they are a good fit for you. 

Not an odd request by any means, some sellers want to keep riding the wave of interest payments, and some want to get cashed out and move on.

Hold on for the ride. 

If the tenants are in the middle of a lease, you have inherited tenants and will likely have to ride the lease to the end