Thanks@Kobe McDaniel, for a commercial property comparable sales isn't how value is determined.

They live paycheck to paycheck or close to that.

That $153k would allow me to buy 2-3 rentals and cash flow close to the same amount/ maybe a little more each month.

I recommend Account Closed.

Perhaps you can call the local housing authority for some direction as they too would want you to do things appropriately.Can you ask the sellers to get them out before closing?

A copy should have been delivered at your closing.

@Aaron Simril you can try to sell it and hope a buyer will overlook these issues.Check your state laws, because in Michigan, you'd be legally required to disclose what you know about any repair issues and would be liable forever.Appears you may also have the opportunity to sell and avoid capital gain taxes on up to $500k of gains from a sale.

Purchase price: $470,000 Sale price: $470,000 •Offered at $470K•Market Value $648,206•Median Sale Price $540K•Ready To RentIf you're in search of a #turnkey #updated rental property search no more!

Are you prequalified and how fast can you close a deal?

We’ve never rented it so it cannot be claimed as a rental in the sale.