You could offer the tenant money (through the lawyer) to have it vacant upon closing (and in good condition).

This is not necessarily a negative since you will have a house that is always in perfect condition with few surprises in terms of maintenance.

I manage about 400 rentals and just know off the top of my head what something will rent for given the size, layout, condition, location, amenities, current market trends, etc.

I would advise bringing on a real estate attorney to draft the new terms and conditions once there is an agreement.

So I’ve got roughly 68k equity on each duplex. 2- 125k-130k based on recent comps in last 6 months and condition of my units. 3- I forecasted my cash flow for 2021 to be roughly $180 per door for the 4 units.

Our condo is in servicable condition but do need painting, and new floor, light fixture and AC would be nice which would give us higher nightly rates.

Condition of property has to meet health and safety code and you have to legally remove whoever is living there.

Depending on the condition of the contents, I would opt for packing up pictures and other potential valuable items and storing them.I would also look to store the better furniture to sell or re-purpose if not claimed.

They had some qualifying conditions such as new owners needed to have property management and subsidized tenants experience.

This large 3/2 home with a large bonus room is nearly 100 years old, but it is still in good condition, and has been updated with new HVAC, insulation, electrical (installed by previous owner), flooring and paint, windows, and kitchen backsplash + counters.