To keep or not to keep tenant

[Jessica Melendez]

Hello everyone!

Looking for some guidance. I am in contract for my first investment property. It is a 2 Family. Per my contract I stated that the owner needed to establish a 6 month lease with the first floor tenant in addition to raising the rent and collecting a security deposit. The reason I extended this offer was because the current owner stated the tenants have never been late nor missed a rent payment in 6 years. However, yesterday I discovered that the tenant did not pay last months rent. While there it also came to light that the tenant has many family members visit for months.

What would you do in this situation?

Let me know if you need anymore relevant information.

Thanks!