Have you talked to them about their situation, how you can help, the condition of their property, how fast they want to sell, and any idea as to what kind of money they're looking for? 

If/when the market turns due to the current economic condition, you will be able to pick up investment properties as a local landlord in FL easier.

.- Put a new lease agreement with new damage deposit, new rate plus utilities, and conditions or- Evict  for full building Reno. 

Your loss to lease on that unit is $100.But, let's say the property you were buying was owned by someone who hated to have vacancy and their is a property next to another apartment of similar age, condition, and amenities. 

I don't know when I will land a job given the current economic condition as many companies frozen hiring.

If it's a full gut, 3 furnaces with ducted air conditioning. 

This property is a 2,500 square foot, up-down duplex. 97 years old but freshly renovated and in beautiful condition.

If you don't want to deal with this you can always incorporate the condition that they are removed prior to closing and have the current landlords handle it.

If not needed, then use it to do 1 time principal pay down back onto the mortgages when we are in the clear, or use as needed if this drags on.Connecting with JV and potential JV partners to cash up and hold, waiting to see how market conditions start to shift.

I had planned to do either a HELOC or a cash out refi to have cash on hand for investing more, but with the current conditions I expect it will soon go down in value.