We always do a final QC walk-through BEFORE we allow any prospective tenants inside, then we do a walk-through with the tenant when we hand over the keys to notate anything pre-existing, such as damaged casings, frames, etc that weren't in need of replacement. 

You’ll also be required to have a pre-existing relationship with each investor.

Can anyone provide their experience when buying a property that has been used for a vacation rental? I would like to keep the bookings after closing. The space with stay furnished as is. 

It must be people you have a pre-existing relationship with and as part of that they must fill out a questionnaire acknowledging they have a pre-existing relationship.4.

Hi, @ DeniseI'm new to BP, but have found several post exceptionally informative for investors. Could you please clarify this matter for me? If I purchase a tax certificate and the property isn't vacant, but has rente...

The only thing you would want to do if you go this route is to get a good property lawyer who can fish out any pre-existing deeds on the property which can lead to an awkward "my grandma left me this property in her will" situations.

Unless the seller provided good move-in documentation (move-in condition list ideally with accompanying photos), you have no way of knowing what was pre-existing.  

They also cannot charge you for pre-existing damage.

There's a controlled, pre-existing relationship (likely of a sexual character - but I don't know you and I'm not assuming) between the agent selling the property and the inspector who assesses its quality. 

To anyone who might have experience with this,

Facts:

1. I have a fully executed contract to purchase a bank-owned commercial office condo for all cash, closing next Friday. (Roughly 2-week closing peri...