Would you buy?

[Mik Scott]

Hi all,

I'm new and just getting my feet wet. Found an interesting property that is currently rented and the seller just wants out of it (tired landlord).

4 bedroom single family. has a tenant that has been living there for 3 years and really does not want to move, her lease is up in Dec. 2015 and is currently paying $670 per month.

Seller has a mortgage and pays $329 monthly. asking $33K and according to the county assessments and comps FMV is around low $50'K.

Any thoughts on ways to structure, or things to look out for.

Thanks in advance...