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Updated about 9 years ago,
Advice?
Good evening Folks,
I have a quick question. What would you recommend doing when looking at a multi-family home where 1 side is currently rented out and their agreement isn't up until the end of the year? I have found a decent place that has a current income per month of $975 in unit 2 and unit 1 a buddies family just moved out of and they were paying $875. Mortgage would be roughly $800 per month, total with insurances and everything excluding maintenance and repairs. Do you request the previous owners rental agreement or do you draw up a new one with the tenant? Advice?