Good Deal or Possible Headache?

[Christina I.]

I have a property that I found that I am unsure is a good deal or not. Overall the house isn't all that old (2015) and appears to be in decent condition. From what I could tell when I viewed it the house needs some cosmetic work (flooring, paint, etc.) but nothing major which leads me to think there is some BRRRR potential. My hesitation is that it is currently leased $700 under market value until the end of May. I would definitely NOT be renewing the lease with the current tenants as I know that they are not the quality of tenants I could get or would want to have. I would bring the rent up to market rates after the current lease expires. After accounting for the rent loss until the current lease expires, the numbers make sense and I would see about a 7% cash-on-cash return. My concern is that when I give the tenants their notice I see a strong possibility that they will trash the place. Should I take a chance and buy the property as a rental or should I keep looking? What other things could go wrong that I haven't thought of?

[Tsipora Smith]

I would buy the property and budget for the repairs. I wouldn't expect to do anything to the property until I vacated those tenants.