How would a landlord respond to an offer to purchase from a tenant?

[Ivan Jenkins]

I'm currently 18 months (1 year lease, 6 months on month-to-month) into a SF lease. I've never missed/been late on a payment and we've taken very good care of the property as it were my own (probably better than any tenant before hand as well). I've been wholesaling but I'm now interested in purchasing a property of my own as a landlord. I've considered purchasing a multifamily to live in and rent out the other unit(s), but that won't work for my young, growing family.

I've recently considered reaching out to my current long distance landlords to make an offer to purchase the property I currently lease. They've made comments leading me to believe they have been upset with the current property management company and seems like they would fit the mold of a potentially motivated seller. The property is in a fantastic area where rents are typically $1000-$1200/month for a typical 3/2. ARV's for this property are around $135k-$160k. There's some deferred maintenance on the property as well. If purchased, I'd hold it for a 6-9 months until we're able to find another house that's larger for my family to live in, then add this property as the first to my portfolio.

My question is, as a landlord/investor, what would be the general thoughts when receiving an offer to purchase a property from your tenant? Any insight would be welcomed. Thanks.