Purchase price: $173,700 Cash invested: $30,000 Purchase: $173,700Repairs: $10k to dateNotes: Inherited tenant at $695, rent after renovation $895, currently listed for rent at $995.Cosmetic renovation, purchased on sellers finance.

Inheriting tenants is not always bad.

He was an inherited tenant.

I've definitely had some messy handoffs with inherited tenant situations but it's part of the business especially when buying distressed/value add. 

Just plunge in , inherit the tenant, and take the chance on whether tenant pays or not?

I will be inheriting tenants and I was wondering what all of you do when you inherit tenants.

@Jeff JansenGenerally buyers don't want to inherit tenant especially if rents can be improved

Once all efforts on the part of the homeowner to mitigate (lessen) damages and has given the GC any and every chance to perform fail, then write another letter as a last-ditch effort to let them know they are within "material breach" of the contract.

I am in the process of purchasing properties that are currently under contract with a PM company. I have asked several times for that contract to make sure I will not be bound to use them. The properties are in a comp...

Inherited tenants are a nightmare mixed with covid ie evictions but Im making it work.