General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 4 years ago,
Purchasing a multifamily with tenant acting as manager
Hi BP community,
I am considering purchasing a multifamily property with one of the tenants acting as a manager and superintendent for the property. They are on a very low rent so I plan on increasing the rent post purchase in order to sustain the cashflow. Is there anything I should be considering before purchasing the property in this scenario? Your advice is much appreciated.