Tenant Making it Difficult to Enter a Contract

[Michael Tapia]

Hello everyone, I need some advice on how to handle a situation involving a potential property I'd like to buy and hold in the Tulsa area.

The price of the home is relatively low for the cul-de-sac in which it is located, and I think I could have a decent rental and build a good amount of equity if I were to pull the trigger and do a rehab.

The issue I am having is that the tenant does not want the house to sell. This is because the tenant wants to purchase the property and because they can not qualify for a purchase, the landlord/owner told them that if it doesn't sell they would work with the tenant to do a contract for deed. Therefore, the tenant is supposedly extremely difficult when it comes to showings and doing inspections.

The tenant has been there for 4 years. I am interested in this property, however, I do not want to go into a situation where I'd have to deal with a vengeful tenant or potentially be forced to evict them.

Any suggestions on how to handle the situation? If you have any questions about the situation, please let me know.

Thanks.

[Account Closed]

Don't get in the middle of this, make your offer contingent on a vacant house. Tell the owner about your concerns and let him work it out with the tenant. Good luck.