Tenant Occupied Rental Investment Property Questions

[Julian McClean]

Hello BP Community –

I’m new to BP and to Real Estate Investing so looking for some guidance from this amazingly informed group. I’m investigating my first potential purchase for a buy-and-hold rental property (which currently has a tenant in it through June 2021) and had a few questions:

1. Is it a good idea to pursue a property with a tenant currently in it (or is it better to find your own tenants)?

2. The property listing mentions the amount the tenant currently pays in rent. How and when would I verify that information is accurate?

3. When should I do my own tenant screening to ensure the incumbent is a quality tenant (prior to offer, during due diligence period or some other time)?

Thanks in advance for the insights!

Best,

Julian