Depends on when you get legal possession, or title, in that state.

We want to jump into the REI game. 

The listing broker sent me the wire info for the title company (which I should have called the title company directly).

I run a small business currently but I’m looking to get into the real estate investing game.

I worked on a messy short-sale with title issues for 13 months before I got paid on that one..... but the pay-day helped me quit my final job.... 

The end buyer was able to get marketable title on their purchase.

I was able to get some valuable insights from this book I read titled, Never Split The Difference , and essentially it teaches you that you have to look for information (in this case it would be from the tenant) that is causing him to act in a difficult manner.

A lot of people make it seem like this:1) see obnoxiously grassy lawn2) knock on door3) see a visually distressed owner4) ask if they want to sell their home5) they say yes6) get them to sign a contract for me to acquire their home for 30% off the value7) pitch to buyers8) sign contract to buyer.9) send docs to title company10) receive cheque...and BALL OUT/ReInvest lolI feel like this is partly true but maybe missing a step or two.

If I were in your shoes, I'd probably have a frank and friendly with the tenant and talk a big, threat free game, but point out that her lease does not allow for animals and that she did not disclose the animal to you.

Some people may buy a property under their own name for the lower rates and down payment requirements and then turn around and place the LLC on title... if you do that you will most likely break the due on sale clause and the lender could, call the entire loan amount due, not likely, but they would have every right to and you would then be SOL.