Need Urgent Advice: Red Flag Tenant

[Ashley Ernst]

Here's the scenario: In escrow on property, seller provides rent roll and tenant is 10 days late on first months' rent. Note, lease was signed right before listing property, so this is first time rent has become  (i.e. 11 more months left on lease). Under lease agreement, tenant has 3 day grace period before late payment. So effectively tenant is 7 days past grace period. Is this a red flag for those who are experienced investors? This is my first out of state investment property and i want to make sure i'm not buying a sour deal with a problem tenant. Would you run from this deal or continue?