Existing Tenant Question

[Matt Hudson]

Hello BP'ers!

I'm writing an offer on a SFH that has an existing month to month tenant. Because the rent is well below market and I'll need to reno interior I plan on making the offer contingent on vacancy. The seller said that the lease ends at the end of September and with 30 days notice they will vacate by the end of October.

My question is timing of rehab and liability. Can I begin exterior work during the 30 days after I obtain posession? I also assume I am liable for the tenant after I obtain possession. This puts me in the awkward position to have to communicate with the tenant that I'm essentially evicting.

Can I incentivize the tenant to vacate earlier? Example - $1000 to the tenant if the vacate by end of September.

Any advise will be helpful.