@Todd McLochlinNot to hijack the thread but how do you deal with the possession issue in GA where you get a redeemable ownership interest but no right of possession until the redemption period is over?

There is literally no limit to the things you can learn here if you spend the time and possess the initiative!

The only alternative to that would be to change the contract to ensure that you wouldn't take possession until they are out.

I would assume some sort of legal process is also required to gain possession back on the property ?

I would recommend any job or business for that matter that pays well and responsibly save your money and build your credit until you possess the means to purchase.

Now, if for some reason the tenant refused to move out, then at that point you may need to file an eviction (unlawful detainer) to remove them and recover possession of the property.

The lease agreement must allow for termination for the specific breach alleged.24-Hour NoticeMichigan law allows a landlord to give 24-Hour Notice if a formal police report is filed alleging that the tenant has unlawfully manufactured, delivered, possessed with intent to sell or possessed a controlled substance on the premises.

@Anna Shaver Most of your standard purchase contracts include a possession date & clause indicating when the seller must have vacated the property, which generally is at closing, unless a temporary lease is included or a other concessions are made.Basically...it's just a way to say, hey, if you sold the property to someone else we can call the note due.Please, just remember, no one can guarantee you it won't happen, but banks rarely call notes based upon the Due on Sale clause. 

As a FORMER agent/realtor it is my humble opinion that becoming a successful agent requires only a few basic skills that most humans already possess. 

You should have possession of your property back sometime around mid March.