Owner Occupied Duplex Acquisition with Two Tenants

[Jacob Rzewnicki]

Hey everyone!

I have my eye on a duplex in the hopes of living in one unit and renting out the other.

I found a great deal where the numbers work for me, the only problem is that both units already have tenants.

From what I see in other forum posts, I will definitely need to check out the lease agreements as I will have to abide by them too, and also screen the tenants to see who is currently living there.

My question is, when is the appropriate time to get this information? Is it legal to ask to see their lease agreement before it's under contract, does it happen after it's under contract as part of the inspection clause?

And once I have that information, what is the best course of action to ethically remove the tenants in the unit we would want to stay in. I saw a post saying once their lease is up to tell them they can go month to month at x dollars per month. I've also considered cash for keys. Is it worth just asking them to move once the lease is up first and see what happens?

Thanks in advance for any advice any one may be able to offer! I'm really hoping to get this deal done.. it would be my first 😌