Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
1031 Exchanges
presented by
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated over 2 years ago on . Most recent reply
![David Smith's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2358814/1694736229-avatar-davids2270.jpg?twic=v1/output=image/cover=128x128&v=2)
Buying a property - Strategies for NOT keeping long-term tenants?
Here is the situation. I need your help.
1 - I am buying a property with 3 short-term rentals and 5 long-term tenants
2 - All 8 units can legally be rented as short-term rentals but there are long-term tenants in it
3 - If I keep the long-term tenants, I cannot afford the mortgage and the property is barely profitable, maybe even generating a loss
4 - The seller does NOT want to give notice until closing day, and would then give 60 days. they are afraid that if I don't close, then they just emptied their property for nothing.
What are the strategies to have the property to have those long-term tenants leave at closing or as soon as possible after closing?