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Updated over 6 years ago,
Seller wants me to inherit their tenant
I’m in negotiation with a seller on a small multi family property in riverside, CA. They are out of state owners and are currently paying the mortgage for a friend to live there for free. She is a senior citizen and can’t afford to pay rent I guess?
I offered $330k
Seller countered at $340k + 1 year lease for their friend (old lady) @$1000/month
(Market rent is $1050-$1150 /month)
They will not budge on helping out their friend. Any advice on what I should do next?