Short Term Lease Agreements

[Daniel Sabato]

Has anyone ever purchased a property with a tenant already living in a unit? Specifically one that is currently on a month to month lease? I don’t like the short term idea of going month to month, but there’s also a benefit to not having to find tenants & have immediate cash coming in from one of the units?

Has anyone ever dealt with this & how did you go about it? Ideally I’d like to switch the tenant over to a 6 month minimum lease.