thank you everybody,I should probably give more details at the start, but here is few extra things that may answer some of your questions:this is a wholesale deal for cash. the price already takes into account the current state of the property and now I am trying to get little bit off the price to account for possible holding and eviction costs.my main thing is just to know what to expect when trying to get the tenant out.my plan:1. try to see if the tenant leaves before lease is over and pay him lump sum for doing so.2. eviction due to violations (trash everywhere)3. give them at least 30 day notice before the lease expires that we are not extending on month to month and then deal with them if they don't leavequestion for Greg:"If they agree, take 10 $100 bills and tear them nearly in half (you keep at least 51% of the bill) and give them the smaller part."

The lease they are on extends well into the summer of 2016.

It is remote as you described and that might be extended because who wants to really live there?

I will like to extend a warm welcome to you as well.                           

I haven't extended outside my area just yet.

It is currently open to all bidders, the bidding period reads "extended", and it says FHA financing: uninsured.

I know that going forward into the next downturn, I will be picking up more properties from investors and it will make me feel slightly better if I know that I tried to warn people about getting over extended or making bad investment choices.   

@Josiah Swartz: I had an feeling that about the area, with it being my first, this is the reason I posted the question.Just want to extend my appreciation to everyone so far for the much needed advice. 

I had a pointed discussion with a lender a couple years ago who was exercising their 'right' to require extended flood coverage.  

This also extended the time it took me to finish the job.