I'm not there yet with my inherited tenant.

Inherited tenants often all need to be replaced over time.Distressed probably, C class, do the minimum in repairs as required, forget the upgrades as they will not likely increase rents by much and raise the rents to market.

I have no experience but from my understanding, these would be my guesses:1) No longer responsible for the maintenance or management of the property2) no more dealing with tenants3) guaranteed positive income (assuming all payments are made) and steady return on money.4) loan is secured by the property that they already know the value of5) lessened or deferred tax implications on capital gains by spreading the sale out over time. 6) chunk of change up front (down payment)7) balloon payment after designated note term for the remainder (assuming this is how it was negotiated) wherein they can take back the property if you can't pay.

Hey BP,So, long time reader first time long term renter. I am buying a house with tenants in place until Oct 31 of this year. We are closing August 16-17, which leaves approximately 2.5 months left of occupancy.  I ha...

Ok, so we have found a property. It looks good on paper and in person, however, the one unit has a tenant that was once the owner of the property and since has been renting it. They would like to stay after the proper...

I'm in a very fortunate situation where my brother and I inherited 2 fully paid off rental properties.

Hi Everyone,I am soon going to be inheriting a long term tenant of 13 years.

If you were to compile a list of the various keywords and sites to scrape what would they be and where?

The owner inherited them and is sick of the job.  

As we "gradually" increase the rent on this particular tenant (we inherited a good tenant and that means something to us), we'll be consistently in the green in the near future.