If the lease is silent on this topic, then generally whoever takes possession of the house, whether that's the bank or a new owner, must honor the terms of your lease until it is finished.  

Just took possession of my first SFH for a fix and hold and I am working on a MFH purchase too.

Evict based on non payment of rent or agree and get order of possession “instanter” if they break the court ordered agreement.

We have the order of possession and they are being evicted for nonpayment of rent.

Squatter's rights, or adverse possession, varies from state to state.

I'm curious how you've avoided having the banks calling the note, once they realize that the original lendee is no longer in possession of the property?

Another issue may be that if the bank does not have possession and the previous owner still does, then they won't even get into a conversation because you don't own it and the seller will of course agree to any short sale price.

If I understand the cash out refinance answer is - it can't be done until you rent the house for 6 months, or is it that you must have possession the house for 6 months? 

This past Friday I had lunch with a fellow investor with exactly that scenario: his seller has "life estate" rights of possession but cannot assign or encumber their beneficial interests and the drafting attorney further restricted possession to that person.

People wil always need a place to stay.For the mtg r.e. business one must possess three main ingredients to complete 1 sale transaction.1.