Considering buying property with problem tenant
I am considering buying a duplex with 10 cap and will be inheriting a tenant who is almost 3 months behind on rent and has history of prior eviction. Current landlord owns the duplex and does not carry any insurance. Property is in a flood zone and per tenant water comes up to the door. They don't carry renter's insurance. Landlord pays for water and trash. I prefer to get insurance if self financing which can be expensive because of flood insurance. I am relatively new at this. Is this something to walk away from? How would you handle this? Thoughts? Thanks for the input.