I would just have him move out and terminate on x day with a signed termination aggreement stating what happens with the money on deposit.

Do you have an early termination fee on your lease?

They have to deal with any property you buy every month until you sell or terminate them.

My biggest concern is that we get the property and the tenants refuse to leave after terminating their rental agreement.

So for the earnest money to be refunded, the contract was terminated and an earnest money release was signed by both parties. 

Good evening, I own a commercial property in NYC and recently sent a cancelation request to my insurance broker since I found a more affordable agent/plan.He replied by asking me to sign a termination notice (understandable) but also requested that I furnish him with my new insurance name and policy number.

No, you do not have the right to terminate the lease agreement since the agreement is not between yourself and the tenant.

---So, ask about their standard operating procedures and make sure your management contract has an easy termination clause.What are your options if you experience one of the above?

Samantha, I am on terminal leave with the Coast Guard and just moved out to Tampa with a very similar investment goal to you.

You can usually terminate the tenant lease for an extensive rehab which seems to be your intent, however the city of San Diego has an eviction moratorium so you cannot evict at this time if your units are in the city of San Diego.