While I still like the idea of starting my own business, I have realized real estate investing is more in line with my abilities and background (my dad is a real estate developer and I did most of the rehab on our current home).

With my background in Taxation, I have knowledge of tax laws that could be helpful when it comes to the capital gains tax when the project is completed.  

While he did technically violate the terms of the lease, his violations are pretty petty honestly.

Background : Just purchased an owner occupied 2 bed 2 bath condo at trustee sale for flipping.

Most of my background is from the inner city so I know the territory very well.  

and yes, technically you should have a "vacant policy" if the home can NOT be occupied immediately after closing.

@Charles P. welcome and sounds like your background is going to lend itself really well to your future purchases.  

I'd definitely caution you letting a tenant do work that you should technically be doing.

With a due on sale clause they just want their money if they catch it and the seller is one who would technically have violated that clause.

That would be my biggest fear.Here's some good background if you're interested:  http://kcur.org/post/how-troost-became-major-divide-kansas-city