Just need some advice on how to go about dealing with existing tenants/lease agreements.Thank you!

Deals like that are rare :D but they do exist.

And of course you''ll either have to inspect any existing well and septic, or install them (big bucks).'

I know they exist and have known this for decades.. just really never seen them used.. at least on the West coast.. sophisticated buyers wont sign them is my thought I know I would not. 

Each home is currently rented, and I understand we inherit the existing leases, which are now month to month.  

Complete renovation working within the existing footprint.

Interference with an existing contract is a tort.

I also found out that there is a existing mortgage on the property & assessment value is $110k.

I am putting together my first deal after only three months of deciding to become a RE investor. I really need advice and input in every aspect of this deal as I have very little experience.Here it is:A 2.83 acre parc...

I keep coming across deals with loans in place.However, when it comes time to make the offer, the seller always says, "I just want an outright sale and to be done with the deal."I state benefits such as this is a sale...