Buying Property with Existing Tenants

[Johanna Silva]

Quick intro:

I have been reading on the blog for a few months. Just became a Pro member last week. We (my husband and I) are looking to buy our first rental property. 2-4 family.

The numbers:

3-family home

2 1-bedrooms

1 2-bedrooms

Current rents:

$750, $750 and $600 (the 2-BR because tenant is seller's sister)

Rentometer tells me the 1BR's can be rented for around $900 and the 2BR for $1,200.

With the Rentometer numbers, according to the BP calculator, cashflow would be $443/month.

One of our contingencies is that the tenants move out before closing. My logic is that I need to raise the rents for the numbers to work and I am guessing the tenants won't like this, especially the sister whose rent I would double.

What do you think? I believe the tenants not leaving before closing is a dealbreaker for me. Am I missing something? We are in MA.