Tenants In Property I'm Ready To Purchase

[Account Closed]

How do you go about purchasing a property without knowing if you will be inheriting bad tenants?

I am looking at 2 and 4 family houses.

Chris

[Dave P.]

I would guess that the biggest piece of due diligence that is not inspected is payment history.

Many will inspect the property.
Many will inspect the leases.
Some may even inspect the expenses.

Few will verify proof of paid rents (on time).

It's easy to verify what the inherited tenant has agreed to do. It takes a bit more work to verify what the inherited tenant(s) has been doing.