About to buy house with a short term lease-back ( first timer)
About to accept an offer on a house first time investor here seller requesting a lease back for about 6 months...any recommendations on how i can handle or set up a lease agreement myself before i get a prop manager involved...or should i set up with a prop manager from the get go?
The requested lease back is to help seller finalize things with his current move out of state...and to help close the deal at a lower sale price... a compromise.. market rent goes for 2000. Lease back at 1500.
Figure it will cover my expenses...and give me time to find a new tenant... with little to no vacancy period.
Tips? Any advice is highly appreciated...
Thanks in advance