Need Advice: Using BRRRR Method with Tenants in Place

[Stephen Glover]

BP Team,

Thank you for all your help this far. I'm using the BRRRR method to acquire SFH. I have the opportunity to purchase 5 SFH at a great price. In the past my BRRRR has been done in an empty home, however all of these homes have tenants with leases going into 2020, some tenants have been around since 2005. Rents are decent, but definitely low for what they could be.

Any suggestions on how to utilize private money to do a BRRRR with a tenant in place??? Or some type of strategy to still use private money and appreciate the home as the tenant's leases are coming to an end even if they are a year out? There has to be a way that makes sense but its not coming to me yet.

Appreciate your suggestions in advance.