Buying a multi family with tenants.

[Rahul Gupta]

Hello,

I am buying a multi family with tenants in place and am wondering the things to look for in this cash transactions as this is my first time.

I have seen that the rent till and the expense profit loss statement and it looks good.

How to make sure that the current tenants leases gets transferred to me the right way and also what about the deposits they have given the current landlord?

This will be very helpful. Thank you for your time.

The property is in IL