I have a question: i have a tenant occupied property going up for sale do i let tenant know or not & why?

Are you buying the house as a an owner occupied, or as a rental? 

I just purchased a foreclosed property but it’s occupied.

Additionally, if you choose to occupy your rental property, and need to get tenants to move out, you'll likely need to Ellis Act the property which you'll need to pay tenants upwards of $35k+ per person to relocate and will eliminate your ability to use it as a rental for up to 10 years.

A vacant property is also more complex than an occupied one.

@Daniel ToshevNot really as I believe a DSCR loan does not allow you to owner occupy it.

Hi Debbie - I can possibly do a second position loan against one or both of your rentals to help you cover the remaining expense so long as the property will not be owner occupied.

Make sure to pull the mailing address as well because for tenant occupied properties that helps to get the owners phone number.We then put this list into BatchLeads Skip Tracing for $0.09 a lead, and can bulk skip trace.

They also claim that their property management fee is 10%, which is true as long as the unit is occupied, but if you factor in the first month rent payment for placing a tenant and a 5% vacancy rate (about once every two years) then the property management fee is closer to 15%. 

I know that for an investment property on a small multi-family home you need at least 25% of the purchase price down if you are not going to occupy the property.