1st time investor with possible good deal
Thank you all for assisting. Need some help or guidance. While searching for opportunities, i came across the following.
For sale by owner, with long term tenant in place. Sale price below market. Rent a little above market. Section 8. Tenant does not want to move out, if possible. Owner would like to find buyer that will keep tenant. Tenant been at same house over 4 years. How would one proceed with this? does this sound like a good passive income (above $300 positive cash flow)? Or maybe walk away? Owner has 3 of these homes for sale and scenario. Owner wants to cash out as they have opportunity for higher type investment. Thank you all