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Updated over 3 years ago,
Looking at purchase a SFH with an exsisting tenant
I am in the middle of negotiations on a single family home from en estate sale. There is a tenant currently living there with there lease not ending until September with the current owner. They are way under renting for the market. The house needs some work and I want to brrrr it. I really want the tenants to get out as soon as I purchase it, but I don’t know if I have to keep the lease even though that is with the current owner. I don’t really want to wait until September and also then what if the tenants don’t want to leave?
Any advice would be appreciated.