For Sale by owner with tenets

[Jon Adams]

I am looking at a 2 bedroom home in a nice neighborhood that is  for sale by owner.  I just spoke to the seller on the phone and he told me, " he just wants out, they always pay late and I'm done with it".  He wants to put the money into his business.  My question is, if I purchase the home how do i get rid of his current tenets?  The reasons i would want to get rid of them is, well they don't pay on time, he is getting $400 per month and I think it could rent for $600 per month.  I would need to do renos. but i haven't seen the inside yet.  I asked him what the condition was on the inside and he said it is good for a rental but to live in it would need everything, again i haven't seen inside.   Let me know your thoughts, thanks in advance.  --Jon 

[Dawn Anastasi]

Well first you need to see the inside so you can determine if it's worth investing in, and at what price.

Second, either these are good tenants or bad tenants.  If they are good tenants, there must be a reason why they're not paying.  If they're bad tenants then you just need to get rid of them, or have the place vacant upon purchase as a condition of the sale.