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Updated over 12 years ago,
Buying 2-4plex as OO, existing tennants?
Im curious, are most 2-4plexes sold fully leased or not leased at all? Is it a mixed bag? Is REO generally sold with tennants? I cant imagine the bank likes landlording but Im not sure if they can break leases and throw tennants out.
I would like to get an FHA loan to buy in the next 6-12 months as OO and Im curious if it will be an issue finding a place that I can immediately occupy. Any thoughts? Thanks