Almost certainly you will violate the due on sale clause in the existing mortgage. 

In my market (Yosemite), most places exist almost exclusively  to be rented, so no personal belongings are in the areas that guests access.  

Vacated means they consider it never to have existed or be valid.

The furniture is included in the existing lease that will remain in place with the new owner.The clause in the lease states that the tenant will "return furniture to landlord at the expiration of lease."

I'd think twice before doing this.Look hard at buying an existing property management company in the area where you want to set up before buying into a franchise.  

Perhaps a better way to say this is what is your most hopeful exist, highest best, as you know it.How does that exit affect your return in your opinion?

I personally think that you should be able to charge them, but people should recognize why regulations come to exist.

I finally came to the conclusion that unless you are very intelligent or very lucky, in light of the existing laws in place, getting started in real estate isn't going to be easy.

Even if you simply got the bank to agree to let you bring the loan current and purchase the property Subject To the existing financing, you're looking at being into the property for $390,000, when the property is only worth $350,000. 

The hardest part will be trying to convince the other party that their existing condo is worth so much less than your remodeled one.