To Inherit Tenants, or to Not Inherit Tenants
I'm considering buying a 4-unit apartment. I plan on moving into one of them and renting the rest. It's currently fully rented and the landlord says they are good tenants. The seller can have them all move out on sale of the property and with all the risk and warnings I've read in the forums about inherited tenants, I am most likely considering just that.
However, that would be about $1500/mo I would miss out on until we get it back rented again. It's a decent but older house with some repairs on the outside and updating on the inside needed. We have some $5k or so to spend on repairs so we would definitely miss the monthly income.
Would you guys have it delivered vacant or just have one evicted?