When I do this, my agreement "settles" any lease issues like the deposit and outstanding rent balances by them vacating and me giving them $X.

I saw today on the news a few apartment complexs with water up to the first floor windows which mean first floor flooded.. my experience in Katrina when I looked at a few apartment complexs there post Katrina that had flooded.. they needed to be completely vacated.. and bottom floor and some times top floor dry wall and every thing ripped out.. mold grows there like nobodys business its like living in a petri dish in that area of the country.  

Boeing of course has a major presense building the airliner of the future the dreamliner.. huge vacation spot second only to Orlando.. cap rates in the 6 and 7's from what i have seen.. plus pretty darn stable tenant base..  

Neither the Seller’s and/or Buyer's business shall provide fringe benefits, including health insurance benefits, paid vacation, or any other employee benefit, for the benefit of the Consultant under this Agreement.6.

The refinance and go on a vacation or buy a car or some other piece of useless junk.

Is it possible to fill out a post occupancy agreement indicating tenant has 10 days to vacate property and close with a hard money lender?

Thanks Ali... have you done any rent by room rental strategies in your career PROS To Investing In Rough Areas am i missing anything here:1 get higher rental income for apartment rentals 2 will be able to pay mtg off sooner and do upgrades to increase property value 3  if i go with rent by room strategy will make even higher income that can be used to buy another property, go on more vacations and enjoy my retirement Am I Missing Any Risk Factors:1 I will buy with VA LOAN will put myself, safety at higher risk by living there for 1 year 2 MF property value may remain flat no appreciation - will just cash flow3 harder to find a PM company to manage in rough areas4 if i find good PM co. to handle PM they may fail at mgt, or quit leaving headaches to ME 5 harder to sell property if I decide to sell because of headaches managing it or whatever6 will be specializing in rent by the room strategy whether in rough area or not so rough area concern about how this strategy will work for me

What questions to ask before closing on a turkey vacation rental beside the rental history and how to market the place?

Generally these are allow for primary homes or vacation (secondary) homes and not investments.

If all checked out, I would make a contractual covenant that the tenants must either vacate before closing and/or sign a lease with a minimum term of x with the lease provided by the buyer.