We always do essentially a full renovation so that we're not inheriting unknown deferred maintenance and also can create a home that someone wants to take care of long term.

I already own an office building (100% occupied) and I recently went through a lease extension with one of my tenants (inherited from the previous owner) and they wanted me to amend almost every line of the contract.

And will you be inheriting tenants?

I want to know what we can do since we are inheriting the lease in this sale.

Hi all, I'm back again with issues with the inherited tenants I had mentioned in my last thread.

I inherited someone like this once.

So when I purchased my first home (3 family) I inherited a tenant who happens to be section 8. 

We do have some money we inherited, but dont wish to tie up our capital by buying with cash.Here is one ridiculous loan offer we got .

You also want to pull title (or at a minimum, a present owner search) to verify the current owner doesn't have any additional liens or encumbrances after the mortgage was recorded, since you would be inheriting them.

My thinking is that if I keep a fund aside for maintenance, CAPEX, and vacancy, I can use all of the cash flow to pay down the principle over time - lessening the overall amount I’ll end up paying for the place and also allowing me to use all of the rental income to supplement my retirement income in the future.Here are the numbers:List price: 575kRental income: 3525 (easily increased to 4K quickly after purchase) - with all 4 units rented out.CAPEX, mntc, vacancy 5% - 200/200/200Management 8% - $320Insurance - $110P&I (3.5% interest) - 2582Operating expense (including CAPEX, mntc, vacancy) - 3,612Without CAPEX, mntc, vacancy (~10k fund set aside and replenished as needed) - 3,012This leaves me roughly 1k per month to apply towards the principle.