Need advice on Cash for Keys..?

[James Devoe]

Hello Everyone,

I recently came across a deal from a fellow investor on Long Island, NY.

He wants to sell his property because his tenants have been giving him trouble and haven't been paying him rent on time. As it is a very long and difficult process to evict a tenant in NY, I was considering offering them Cash for Keys. However, I don't know exactly how to go about this.

Can I offer them cash for keys before I take ownership?

If they're willing to accept, what's a good offer and do I need to get it in writing?

What other options do I have if they do not accept?

Any help would be great...