Considering buying property with problem tenant

[Ally Kumar]

I am considering buying a duplex with 10 cap and will be inheriting a tenant who is almost 3 months behind on rent and has history of prior eviction. Current landlord owns the duplex and does not carry any insurance. Property is in a flood zone and per tenant water comes up to the door. They don't carry renter's insurance. Landlord pays for water and trash. I prefer to get insurance if self financing which can be expensive because of flood insurance. I am relatively new at this. Is this something to walk away from? How would you handle this? Thoughts? Thanks for the input. 

[Account Closed]

Walk away.  If only because of the flood zone issue.

Trust me.  Flood zones will eventually flood.  My husband and I bought a home in a flood zone.  He got the house in the divorce and the angels sang when it flooded on him the following year, after I was out of the picture LOL. 

I also looked at buying property later in the Sacramento area (CA) in flood zones.  Just when you think you're safe, they flood.  And even with the expensive insurance, it's a huge PITA.

Don't even need to go into the tenant issues.  Just really, no matter how cheap it is, pass on it, because it will flood.