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Updated over 4 years ago on . Most recent reply

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.