Good CoC but inherenting bad tenants

[Victoria S.]

Guys I need some advice. I am under contract for a 4plex. CoC (taking into account vacancy/cap ex and maintenance) is 16%. It is a class B or C. Schools are 9 and 10s.

One out of the 4 units is being renovated and we will choose the tenant. One unit is being leased out to section 8 and she has lived there for 5 years without problems. The 3rd unit is being leased out to a veteran. The previous owners allowed him to forgo paying rent for a few months when he first moved in “to get him back on his feet.” Now they are collecting an extra $200/month in rent from him. He will have that paid off in 8 months. The 4th unit the tenant pays late every month and has accrued a lot in late fees (previously owners charging $5/day in late charges). But they don’t hold her accountable for the late feedback so she has never paid them (according to the ledger).

My questions:

1. Should we buy this property given the fact that we may need to evict tenants?The previous landlords have let a lot of things slide

2. The previous owners want to make the veteran sign a new lease that includes paying them their $200/month OR want to keep the security deposits to account for this

Any advice?

Thanks!