When looking to house hack a multifamily unit, what happens when each unit is already rented? Do you wait for one of the lease's to end and then move in as the owner occupant? Thanks!
There are a few options depending on the situation:
You can ask for one of the units to be delivered vacant at closing. If they are TAW or are ok moving, this is a viable option.
You can offer cash for keys. You can do this after closing or discuss before to take effect afterwards. When I bought my first duplex, I negotiated cash for keys with one of the tenants prior to closing because she needed extra time to move and I needed to hit my occupancy requirement by a certain date.
Wait for the tenant to move out on their own or kick them out at the next lease renewal.