I'll explain...When you purchase a property with existing tenants, who have a lease in place (in MN you can also have verbal leases), you'll inherit those tenants and the leases they signed with the seller on closing day. 

@Kelsey VanSleenFor a tax deed sale, essentially you will bid to pay off the tax lien that was placed on the property and then you will inherit the rights to ownership of that property if you are the winner.

Remember, they can always refer themselves😊Now, make it a goal to call at least 5-10 of these people EVERY day and ask a MAX OF THREE off the list below of who they know that:Just inherited a homeHad a loved one pass awayIs behind on their mortgage or tax paymentsHas a relative that can’t take care of their house anymoreHas a house they’re having trouble sellingIs facing bankruptcyKnows a probate attorneyKnows a bankruptcy attorneyetcWhy only three off the list per contact?

We "inherit" so many homeowners from the big players who have horror stories (only one booking in 6 months, guests who were allowed to wreck your home with no recourse...the list goes on and on).

I am a first-time rental investor and inherited a tenant when I purchased the property in March.

I should say I inherited from my stepdad and just signed the mortgage that will be giving me 2 percent...so I think it could potentially be a very good investment.

I keep the rmd the lowest possible however to secure a loan on a home I inherited I had to adjust the rmd higher...now I want to move it back where it was because I am very conservative and like to have money for the unforseen future . 

Inheriting tenants is always a crap shoot, sometimes they are great, other times not so much.

The downside is your income is not going to be so great to begin with, unless you're already inheriting a book of business from someone in the office. 

A childhood friend of mine owns a place on Haggin that she inherited from her grandmother.