Buying and moving into a house with month to month tenants

[David P.]

Im looking into buying a house in Los Angeles that currently has month to month tenants living there and wanted to know what options i have?  I intend to move in sooner or later. I think itll be difficult to deliver the unit vacant before escrow closes. Is my only choice to deliver a 60 day notice for them to move out and if they don't to start the enviction process?

[Steve Morris]

Well, you can make it a condition of close the units be vacant.  However, if I was a seller, I'd do that in exchange for some non-refundable money.

In seller's defense, what happens if you change your mind, don't close and have two vacants (= ZERO income) now?