Purchasing Property with Tenant In Place

[Donovan Plummer]

Hi BP'ers - I am seriously considering making an offer on a property that has a tenant in place. The current lease expires 06/2016 and the CAP rate is is in line with my preference. I am a lot more comfortable vetting my own tenants. So I am a little bit uncomfortable making the deal with a tenant who is pretty much an unknown quantity, at least from my perspective. I welcome all constructive feedback on the pros and cons of making a deal with a tenant in place. Thanks.