What would you do......

[Jimmy NA]

I have agreed on a price with an owner for a (2) family. We agreed on the price of 55K. All dates, terms and conditions were agreed on but one. The owner has a non-paying tenant in one unit. I asked for the unit vacant but he would not give Notice to start the eviction. he says "as-is." I believe he is friends with the tenant or has empathy for her b/c she had her kids taken by Social Services, had a hard life, so-on and so-forth.

Take it with the tenant in place or stand firm? I am worried he will find some else to buy if I do not buy now.

The ARV=110-115k
Property needs 20k in repairs.
PP=55k with 5 k concession for closing costs.