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Updated over 6 years ago,
Buying and who gets the rent?
Working on negotiating/buying a 3 unit MFP with 3 tenants in place. How is 'first month' rent treated with a purchase?
If we close May 31st, do I get the June rent? If we close June 1st, should I use the "extra" $$ that the seller gets as a negotiating tactic? Or is it part of the settlement? Or do most people not get concerned with one month rent?
Any suggestions how to handle?