But here's the catch. 

If it is not in the contract, the contractor has the right to believe they are not responsible for it. 

This property has double the price value in 2 years.

Let them know you're the new owner, that you will be abiding by the lease terms they currently have, give them your info to be able to make payments, any website/payment portal platform.I would keep it short and sweet.

With the 8 multifamily units, there is 1 single family house on the lot as well that I am buying with the deal.

Or just start out collecting a fee or hire a third party to manage.As for a buyout down the road, you could put an agreement in place from day one that specifies a set time period that you will buy out the partner.

It's all about timing and the ability to finance the property.

The property hit's the 1%. 

Hi, is anyone wholesaling in LA or the surrounding areas?

I re-rented one side of the duplex I have and had 29 applicants just for the one side.