General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 10 years ago,
Short sale that is tenant occupied by owners sister
Hello,
I'm about to sign a purchase contract for a home that is a lender approved short sale. The property is currently tenant occupied by the owners sister who prefers to stay put. This sounds like a great investment opportunity for me since I was going to rent it anyways. My concern is she may be living rent free or very cheap. Is there any steps I should take to protect myself from getting stuck or make it contingent upon her eviction?