Property Purchase with Existing Tenant

[Brian Sweeney]

Who has purchased a rental property with a tenant already living in the property? Any issues you ran into? My current thoughts are to do the following:

1. Ask questions of the seller (reason for selling, etc.)
2. Have a home inspection done
3. Run a background check on the current tenant 
4. Consult a real estate lawyer on contracts/evictions/etc

Basically due diligence before committing to anything with the property. Curious of other investors experience in doing this.