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Updated about 2 years ago,
Acquiring duplex w/ tenants
I'm about to take control of a multifamily that's currently rented month to month on both sides well below market rent. Currently paying 900 and 950 and expected rent is 1700-1800, double their rent now.
I already have to kick one out so I can live there for the mortgage, should I remove the other too and fix the little things or should I raise the rent with a signed lease? I feel like I should start fresh and vet my own tenant. Should rent fast.