Does anyone have experience with purchasing a multifamily property that inherits an existing bulk cable contract that is horrible and was there any way you were able to terminate?

First I need to get rid of all my existing debt, then I want to tackle investing in single-family homes to build my portfolio.

I want to raze the existing structure, subdivide the property into 2, and build a new duplex, which has been done to numerous properties in the neighborhood.

.- Communication between the PM & the existing tenant was not great during the purchase process (had to reschedule the inspection three times), however communication between myself and the PM after closing has been okay.- Scheduling repairs after closing has been tough as a result of the holidays & general lack of labor.Rough estimate of numbers (assuming 5% vacancy, $780/yr in repairs/maintenance, 10% PM fee, $480/yr insurance, $1227/yr property taxes):Current:Expected based on Rental increase to $670 (assuming tenant accepts increase, rental increase would be starting 02/01/2022):Expected if tenant decides to move due to Rent increase (PM company estimates it to be possible to rent at $725-750/mo; keep in mind this doesn't factor in costs to make rent-ready (if any), as well as the cost of getting a new tenant):

You are not just buying a revenue stream that only exists today.....you are buying that revenue stream that exists in the future.

And also welcome to the realities that exist in one of the hottest markets in the U.S.

For example, that no more than 25% of the existing SFR may be demolished/altered to make way for say an access driveway easement for the new rear flag lot.

@Tom ShallcrossSince this mentions “design” could this be for new builds and not cover existing housing?

Cities cannot make you add parking if you convert an existing garage under the CA new ADU laws so long as you meet public transit in area requirements so you should be able to convert your detached garage to ADU without having to build covered parking.

I say this because sometime inspectors can be deal killers by saying a problem exists without putting it in perspective.