Inspection with existing tenants on rentals

[Jason T.]

When buying a rental with a preexisting tenant in place, and the seller wants to sell as-is, is it worth the risk? Or should you definitely have some inspection?

[Nathan Emmert]

"As is" just means they aren't going to do the repairs themselves... doesn't mean you can't find out what needs to be fixed and negotiate a better price... yes, always get an inspection (unless you're knowledgeable enough yourself).

It's also good to do them while the tenants are around... they have no financial stake in with holding information.  They can tell you about drips, creaks, bugs, if their maintenance requests are being taken care of, if the guy is taking short cuts, they are GREAT sources of info.