Property with a non-paying tenant
A 2 unit property that we bid a while ago reached out asking if we’d consider the following scenario: tenant in one unit has stopped paying and is not being cooperative with showings. We’re wondering about how much of a risk this can be and weather we should consider it given how much discount or credit the seller can give us.
Should we consider this deal, and if yes, what would the process and timeline look like to get the problem tenant out?
Thank you for your time and input.