I’ve thought of billing back the tenant but I wouldn’t want my rental to be one of the few that doesn’t include it and then lose prospective tenants.

I am still going to screen them as if they are prospective tenants and if there are no red flags, I will keep them.In your situation, I would talk to the tenants and the seller to find out more info.

Just to update:  We offered to screen the prospective tenants & sign a new lease if they passed screening.

** I am willing to do it of course but prospecting in the phone for buyers 6 hrs a day is not what I envisioned..The one firm ( team) wanta me to handlebonly the buyer side while one person deals with negotiations/ listings and one handles the contract.Please help a newbie out.:)))

If you dont want to prospect for clients hours every day...this business isnt for you. 

It's a different risk / reward profile than flips and more active development.

@Chris MacDonald  I am not a CPA but I am and have been a real estate professional for tax purposes for 40 plus years.. so I write every single trip off.. as I am always looking at new deals.when I was in Thailand last week I met with a condo developer who was offering 7% guaranteed rental returns.. on his condos went on a tour got the brochures and am considering that investment.. so that is a business trip. 

Even areas I likely won't work in anytime soon (large commercial developments, for example) still spike my interest. 

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I have a couple partners one of which owns land.  Can we build a fourplex on it then get conventional financing?  I think we will have some equity build in after the build and I want to use it for at least part of the...