I recently purchased a multi family with a tenant that is on a month to month lease. She has not payed her rent for September and is giving me the run around. Should I give her 30 day notice to vacate (her prior lease...

Hey Guys,   So I have an older couple(mid to late 50’s) I inherited from a purchase.

I always bake in the cost of non-paying inherited tenants and the cost of an eviction or two when I buy an occupied building. 

You should ask for the leases and read them to see what exactly you are inheriting to better understand what you are on the hook for.As far as the past due rent, not sure why the owners think that you should be on the hook for them not enforcing a lease agreement properly, but maybe you can make a deal with them that passes on the $200 per month as long as he pays it. 

we got a 3 day notice to vacate from another tenant (an inherited tenant), and then found out my step daughter wanted to quit school and that potentially was going to leave another of our rentals vacant. 

Saving slightly used items will only lessen the end price.

Inherited tenants are 99% of the time awful tenants .

Oral month to month contracts are perfectly valid, and transfer along with the property. in fact, this is nearly an ideal situation since month to month contracts give you more control of the property, especially with inherited tenants who we assume were not properly screened when placed.

Also, I inherited tenants so after close I contacted them and said I wanted to do a "Move In Walk Through" with them looking for damage.

This year I have done pretty well and am blessed and burdened to have quite a tax bill coming in April of 18 looking to be around 40k When asking my CPA what I can do with the money to lessen my tax burden he is very vague and unhelpful.