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Buying an apartment with roaches
Hey Bigger Pockets nation,
So I'm currently renting a condo apartment, and the landlord is considering selling and approached us as potential buyers.
The neighborhood is growing with a couple of developments coming in. I believe it's a good market for appreciation.
My wife and I are thinking of buying it, moving out (for work related reasons) and renting this unit out.
However, we have been struggling with roaches for a few months now. We tried everything to eradicate the problem, but they still seem to keep coming.
That being said, would it be a good idea to buy, knowing that this might cause a problem to future tenants?
How would this affect rental rates and vacancy rates?
Thanks in advance!