Do yourself a favor and follow up with what this gentlemen posted!

First of all 21% cap rate is a great but always do your own calculations to be safe since realtors tend to inflate cap rates to look more favorable.

Still, I'd be in favor of getting an assignment, declination to serve and nomination for appointment.

Every tenant has a right to quiet enjoyment of their rental unit and unless you have a well documented case in which you've sent them several certified letters (or emails to create an audit trail) don't go and try to evict or chances are the judge will not rule in your favor.   

I have been VERY ACTIVELY Wholesaling since last August and by the favor of God have been super successful at it. 

I would ask around and see if someone else is more favorable.

Multi-family finance is favorable, always has been, in regards to rate and terms.  

Hi Brent,Multifamily right now most loans are 7 to 10 year terms with a 25 year amort.With multifamily most of the deals on the larger buildings the optimal for my clients is 75% ltv and then have the seller carry a 10% second with favorable terms.

James Finch Do yourself a favor and attend all of your local REIA's, network and meet people actually doing the work in your area.

If the tenants move out you're going to be selling an empty house...you might have to pay for staging in order to get close to what you could sell for with it nicely decorated.All-in-all I think the odds of this working out in your favor are pretty low.