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Updated almost 13 years ago,
I found a property that will cashflow BUT...
I asked the realtor a few questions and she said the owner doesn't want the tenant to find out he's selling the property. The owner wanted to make sure the tenant was staying. He would tell the tenant he was selling a few days before closing. The owned did add that the tenants have been wonderful. Also their lease expires at the end of the month.
I did ask the realtor if a new 1 year lease was going to be signed or if the tenant would go on a month to month. I'll most likely put in an offer but will keep my eyes open since this doesn't make sense.
The area would be considered mid to low working class but a few blocks away it looks like a class D neighborhood.
Tom