Interestingly, I actually read a post earlier today in the forum debating the same concept.

I was debating between the speciial pkg or the all inclusive normal pkg.

And we all know when we debate online how we love to pick and choose what to react to instead of truly trying to understand the other's mindset.

This was an awesome thread, thanks everybody for your insights I may be running into a similar situation and am debating either keeping the tenants and letting their leases run out, or ask to have the property vacant.

Apparently there is a big debate among wholesalers about whether or not to disclose the end buyer/assignment when you first meet with the buyer. 

I have done my best to do so here.I apologize for hi-jacking the original post and turning it into a debate over due diligence and disclosure, but I think that the information is relevant and beneficial to the OP.  

We got into a pretty good debate about Month to Month (MTM) vs annual leases.It is embedded within another thread right here on this forum called "Cash for Keys" and begins with the 12th post down on the first page.Check it out, then come back here to post further questions.http://forums.biggerpockets.com/viewtopic.php?

I'm a firm believer in mutually beneficial relationships,  I own a video production company in NYC and I've been debating using my company and skills to offer realtors production services in exchange for good REO/short sale deals.  

@Chad Duncan We just had a similar debate/search in Portland... but with the following cost factors:- cost of land (at least anywhere close-in, where I assume you'd want your plex)- current rates/availability of most Portland builders we've worked with in the past - the currently insane fluctuations (though June certainly looked good/better) in cost of lumber/building materials- current mortgage rates- dead time/holding period between land purchase and permitting/approval/building and eventual occupancy,we decided it was still best to buy rather than build, and are in the process of closing on a 4plex close in.  

But what you describe in your thought process is correct, look for cash flow and appreciation.The discussion of cash flow vs appreciation always seems to fall into the "one or the other" category of debate.