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How to help currrent tenants when you puchase a property, and the new rent is to high
Buying units where I am is often owned by older landlords that have left the rent very low. To create cashflow after rehab the rent is increased to market price and that tenant is unable to afford new rent.
I know it's business, but we always want every deal to work for everyone.
What are some creative ways to help the current tenant during the transfer of ownership?