Purchasing Duplex with tenants paying under market value

[Colin Williams]

Hello Bigger Pockets family. I've been presented with a deal to purchase a duplex with tenants on a month to month lease. At least that's what I've been told. I'm going to attempt to confirm this before making my final decision. They are currently paying almost $200 under fair market value for the property. It does need to be fixed up, which I plan on doing. I am wondering what is the best way to handle the situation?