Updated almost 9 years ago on . Most recent reply

buy owner occupied with existing tenants
I am trying to buy a multi-family rental property in the area of Jacksonville Beach or Neptune Beach in Florida. It would be an owner-occupied purchase (for FHA financing), but I am unsure how to handle a property that is already filled with existing tenants. What rights do I have as the buyer for removing tenants? Looking for insight on how to accomplish this sort of deal.
Most Popular Reply

Most state codes allow owner to evict for personal occupancy. Select the unit you want to move into and give the tenant proper notice.
Learn you state landlord tenant regs before you begin operation of your business. It is your responsibility to know the law.