Currently Occupied

[Andrew Emery]

My questions maybe a repeat but I am not able to access the search feature right now.

If I purchase a property and it is currently rented out, but not at market rates, do I have to wait until the property comes back up for renewal in order to raise rents?

Also once a new property is purchased would I be able to run history checks on the current tenants and if they do not meet my qualifications, criminal past, credit issues, things like these, I am required to honor the current agreement? 

Again I am new so please excuse my ignorance. 

Thanks