If they are on a month-to-month lease just give them lets say a 60 days notice that their rent will be raised. 

Just wanted to say a bit on weasel clauses (WC) used.Using a WC makes your contract a "contingency contract".

@Michael Borger   care to share stats on the Nauru flip... the unit we stay in is 18 th floor and middle building with view towards diamond head  2bd 2 ba@Michael Mazzella My bizz partner lives over a block off of the beach at Kahla and when we are walking around there I can't help but think there is great opps for infil mcMansion style investing like say a Palo Alto CA. 

But I'm mainly worried about finding tenants and whether they can cash flow as well as, say, a duplex.

The owner may put pre payment penalties that step down over say a five or ten year period to protect his tax liability.

Hi everyone in the community,Quick question on what you might call morals etc when dealing with a property seller.When on the telephone upon first contact would it be ok to say a "written offer" to them within a certain timeframe.

I am not sure of the current stats on owner-occupied homes in the neighborhood, but I would say a fair number of people had to rent theirs out due to the market being flooded with foreclosures and still not recovered.

How much does personal income play a role in say a 40 to 50 unit apartment building?

Lets say a house for sale and under contract is occupied by either the owner or tenants.

I will say, as anything in life, there is a 20/80 ratio of investor vs people getting started and acquiring information.Good luck to you!