FHA with existing tenants on a lease
What is the process if you're looking to buy your first multi unit rental property using the FHA loan but there are existing tenants on a lease? I know with the FHA I would need to live at the property for a year but what if the tenant has a long-term agreement? Thanks!
Most Popular Reply
If they on a lease you will inherit the tenants (depending on what your offer says).
What you can do after closing is meet with the tenants individually and introduce self/ have them sign new paperwork.