Remember that they must give you notice of their intent to move back in before they vacate the units: "A notice under clause (1) (c) shall inform the tenant that if he or she wishes to exercise the right of first refusal under section 53 to occupy the premises after the repairs or renovations, he or she must give the landlord notice of that fact in accordance with subsection 53 (2) before vacating the rental unit"If a tenant needs to find a new place, get all of their stuff out (you can definitely require that every last item is removed, even if they want to move back in after), move out, they will not want to go through the hassle and cost of moving in again.As @Rob Dowsett said above, if the tenant does inform you before moving out of their intent to move back in after renovations, you can always try cash for keys.If you would consider house hacking, the RTA also allows you to evict a tenant based on you moving into the unit, so you could evict a tenant, renovate, and move in for a reasonable amount of time.

For every home I've ever bought, I've had a pest, property, roof, and fireplace inspection performed.Once the reports are returned, you can determine if you are ok with the condition (proceed with closing), not ok (exercise your contingency clause and exit the deal), or whether you want to negotiate certain items with the seller to have them fix and/or have them lower the price/give you a credit at closing to compensate you for doing the work.

(Catch-22 is described in prior posts...it's a $400 property in a $750 neighborhood where the family is living in unsafe or unsanitary conditions and cannot afford to exercise their right to complain or move.

Mortgage lenders, judgment creditors, IRS--they all have redemption rights they can exercise in order to protect their liens. 

The homeowners and the buying agents appreciate the services.5:00am wake up, exercise, yoga breakfast shower, etc.7:30am Roleplay scripts with other agents 8:00am to 11:00am lead gen11:30am to 12:00pm follow up callsLunch or training2pm to 7:30pm appointments ( sellers or buyers)Read, tv, dinner, early bed time.Five days per week.

Agreed with Jake - I've never seen a property on auction.com go for anything close to the opening bid in recent times.That said, the value here is going through the exercise.

In most states, the public auction clears out any junior liens, but there are exceptions such as tax liens, which typically will continue to be in effect after the auction"They are transferring title via SPECIAL WARRANTY DEED, rather than TRUSTEE DEED,so there's this:Special warranty deed Arizona and junior liensArizona Revised Statutes33-402, Forms for conveyances; quit claim; conveyance; warranty; mortgage .... 33-723, Right of junior lien holder upon foreclosure action by senior lien holder ... 33-730, Limitation on deficiency judgment on mortgage or deed of trust as .... 33-1226, Easement to facilitate exercise of special declarant rights ...www.azleg.state.az.us/arizonarevisedstatutes.asp?

And that my friends is the moral and the importance of me sharing this story.In the event that the 3 years passes and I decide not to exercise my option, I will have to cover the carpet cleaning costs and repaint the walls.

I give them the realities of the market on a national scale and then they decide if NNN whether single or multi tenant is right for them.I just think it is a wasted exercise to go into tons of what if's when someone does not have the deep level experience of the reality in the sector.Hope it helps.       

I am in the process of doing this exercise in real life.