Hi, we are in escrow on our first home purchase/house hack in a coastal area of California. The current owner/landlord signed a 2 year lease with the current tenant in one of the units way under market value. That is headache #1. We also found out today that the tenant is filing for bankruptcy. Her husband died last September and apparently had some large debts she is trying to get out of.
She is also offering to pay the remainder of the year (year 1 out of 2 will be next April, 2024), up front...seems like that is also a red flag...
Do we have any options here? Apart from a yes/no on purchase? Present a cash for keys before closing? Try and get the current landlord to amend the lease they have in place down to 1 year? It seems like such a headache to take on and potentially dangerous for us as new owners.
Open to ideas!
