I found a duplex that I plan to house hack, and to get straight to the point. One side is vacant, and the other has been rented for 12 years to an elderly lady for 450 a month. It's a 2 bed 1 bath current market rent ...

Hi,I was wondering what the process is when you buy a property with tenants already in the property.When the property is sold to you, do you also inherit the security deposit the tenants deposited?

The seller inherited the property and he said he's willing to sell it for a discount, he knows that I am an investor and expect to get a fair return for flipping the property. 

We pay a flat $9 monthly fee for processing our payments from tenants.As far as what to put into a letter, we have purchased rental property where we were inheriting the tenants from the previous landlord.

Imagine if you get a property at a heavy discount, or even inherited?

I also like this area because close to NYC, there's never a worry of a population or job market decline.I get to speak to a lot of homeowners, some who can't afford their homes, some who inherited, some who can't stand their tenants and just want out...  

It is fully rented, I am inheriting tenants (I know...), but I am not too worried about that for a few different reasons. 

The cash is from an inheritance).

Just handled two houses who had long term tenants with way too many cats (I inherited tenants from former owner).

Our only tenant headaches come from inherited tenants.