Even if it takes us 6 months to sell and we have some light rehab work to do, the projected profit is still good enough to move forward.My partner is a key part of the deal because he has the relationship with the seller and can get us the favorable financing terms.

You can do what you wish once you have the keys and own the place, but a lender is unlikely to have any way to consider that income when they run their numbers.

Something like First Key might work for you where it's asset-driven lending- that is, they lend money based on how much rental income the property generates.

My lease has been a huge key to my success managing our houses all over the country.https://www.biggerpockets.com/renewsblog/2015/10/1...and whatever else you professionals REI want to add.i am excited to hear your stories.

Unless it is the deal of the century I never take occupied properties...never...that said you probably have to go through the eviction process...I have never had luck with cash for keys but you could also try that...if they seem reasonable they might want to continue to pay rent but most likely they have been squatting and will tear the place apart so I circle back to I never bid on occupied property...

I am overseas right now in England and investing...it can happen but educating yourself is key.  

Set up some key word alerts and stay active on the site!

Real estate is a fantastic vehicle to develop wealth but it can take away everything just as easily! 

One last thing... to all the fellow investors as well as real estate agents out here...What are some of the key questions you would ask when screening a real estate agent to make sure they are someone you would desire to work with for the long-term?  

As a real estate investor, what are the key factors that drive the rental markets?