Solid property, Good location, but Roaches

[Jeremy Harris]

I found a solid 2 flat in a good area on the south side of Chicago.  The location is on a block with majority single family homes and close to transportation.  Needs a little TLC but nothing major....well structurally at least.  Second floor vacant and first floor is occupied by a long term tenant. I usually don't like taking on prior tenants but the numbers work well.  

Problem is it is obvious evidence of roaches in the building.  Typically that can be a little work to get rid of but manageable, with renovation, cleaning, and extermination. The dilemma is the long term tenant's lease is not up until the end of the year, and I'm positive the roaches will not be rid of until the tenant is gone.  

Should I walk away from the deal or fight the uphill battle of managing the roaches. Cleaning up the second floor and not renewing the lease on the 1st floor. Leaving me with a hand full of months until I can get it fully cleaned out. It would cash flow great after. 

[Dennis M.]

Roach insects can be killed . Roach tenants are much harder to get rid of