I'd also talk to the current owner, so if they want, they can let the tenants in that unit know.Hopefully you are getting their deposits transferred to you (it is the tenants' money and you will have to pay it back in full when they go because you don't know the condition of the unit when they moved in). 

They need to sign something acknowledging that they are giving up their rights to inhabit the house in exchange for money.

We are passed all contingency periods and are ok with losing the earnest deposit and moving on.

All you have to do is call, tell them you don't want to deal with court, and negotiate to refund some of the money to make them go away.

@Ethan GidcumbLenders will not and here is whyTake a $200k property needing $150k renovation and arc is $400kLet’s say lender will lend $325k - they are not giving it at closing - there will be construction draws as I have seen borrowers take money to use on other projects and then lender is stuck holding the bag until he sues on the guaranty and goes after the borrower

I make good money, and recently left the military. 

I love this house and don’t want to lose it, I would like to add houses in the long term and build a portfolio. 

I told them I would comply with all of this but they would lose their deposit and the tenant who is staying would need to replenish the initial deposit account.

I got the voucher caleed SOTA.and I earn that amount of money from my employment income.

Among other legal issues.As stated above, some hard money lenders have made a lot of money dealing with bailing out Subject To and wraps but that is a small part of the problem and is not always available.