Here, undertaking a renovation of such magnitude that a unit, or the entire building, need be vacated is one condition whereby a landlord is permitted to terminate an existing lease.

. $15K is nothing on an expensive home, I think 5% to 10% down is better.Tell me  a Appraisal Value after repairsb Existing financing (type, balance, payment, etc.)Then we can talk.

see your title company in Florida , if title not subject to existing liens it's probably a general warranty deed

And if it is a really cheap property...I may not service it at all unless it is for an existing client.However I am usually providing a good deal of value to my clients...flippers included.

Does the existing lease transfer with new ownership?  

Whether those will exist in the numbers I'm willing to pay in an economy that hopefully will do much better, I don't know.However, I want a good economy regardless of my RE endeavors.

There are a few different ways to go about either 1. getting the existing tenants out a little more constructively  (and much less risky/problematic for you) prior to closing or 2. finding properties that have already been vacated.Feel free to send me a PM (private message) if you have any other questions or would like to discuss this further.

Key components of property management (leasing and renting) are considered real estate activities under existing Wisconsin real estate licensing laws.

But if your position is such that you can find cash from other sources including tapping the equity on the existing condo in a 2nd or refi or savings for a short term or whatever, you can go that route as well.  

As far as seeing rental income, if you own the house cash and don't depend on the rental income as part of your application income, it really won't matter if you show it or not, and there are different rules when they will consider it income; my bank goes from your tax return, so if you don't demonstrate rental income on your federal 1040 it doesn't exist.