Inheriting a tenant can be a bit of an adventure, but with the right steps, you'll be golden.First things first, dive into that existing lease agreement.

One option rather than doing that could be Subject To - in which you buy the house for $184K subject to the existing mortgage.

It's essentially using multiple novel (but legal) applications of long-standing regs to an activity that largely didn't exist at the time they were created. 

If the existing ceiling paint is damaged, the ceiling must be scraped, repaired and painted.

So there are now 20+ people to connect with in order to get a clean marketable title, (none of these existing family members have any idea of the property even existing).

We still see one another, but it's not the close family ties that once existed.

The right wholesaler that knows how to properly calculate a SOW (scope of work) to gain the rehab budget, generate an ARV from local comps and not want to get rich on every deal is NOT easy to find....but, they do exist.

The property’s existing long-term tenants provided immediate cash flow, while the potential to build out the lower level for my restaurant, Arbol Eatery, and additional amenities like a wellness center and event space aligned with my vision for creating value.

The property’s existing long-term tenants provided immediate cash flow, while the potential to build out the lower level for my restaurant, Arbol Eatery, and additional amenities like a wellness center and event space aligned with my vision for creating value.

The property’s existing long-term tenants provided immediate cash flow, while the potential to build out the lower level for my restaurant, Arbol Eatery, and additional amenities like a wellness center and event space aligned with my vision for creating value.