In-place tenant on month-to-month

[Anderson Bigate Nogueira]

Hello BP community! Want to get your opinion on what is the best strategy for this scenario:

- Buying a duplex in Dallas area with tenants on both sides (not transacted yet)

- They are living there for +5 years, and currently on "month-to-month".

-Rent are fairly below market (-30%), true the property need some love, want to upgrade the units and move up the rent

- Assuming eviction is the way to go after purchase (if other options feasible, please let me know). Give them some notice and time to prepare to move out, then upgrade the units.

QUESTIONS:

- How I can best position myself to run these evictions to upgrade the units?

- What could/should I negotiate upfront with current owner on that regard (if anything)?

It might have other solutions I'm not seeing... appreciate any insights on this scenario - thanks in advance!