When Buying Tenant Occupied Property
From reading here, it's clear that marketing to absentee owners is a staple for many investors. I have to assume that many of those properties will have tenants currently in place.
When this is indeed the case:
1. Do you get to inspect the inside of the property before making an offer?
2. Do the tenants get to stay in the property for the remainder of their lease agreement with the previous landlord?
If the answer to question 2 is yes, then I have to assume that fixing and flipping these properties is out of the question, right?
Please advise.