Inheriting tenants
I am about to close on a 4 plex (multi family) is that has paying tenants, however I feel that there is a lot of secrecy and things I am not being told about the tenants in the home. According to the listing agent and the owner, the tenets are up to date and paying each month. However, none of the occupants know that the house is being sold. In addition, I asked about security deposits and the owner tells me that most of the tenants used it up when they fell behind on rent, but told me that they have always paid on time. Didn't make sense.
This is a great deal, so I still want to buy it regardless of the red flags with the tenants. So, the question is... How hard will it be to get rid of the occupants once I get possession of the property? I live in New York, this will be my first home using FHA 3.5% down and the property is a short sale. Any advice will be helpful.