Tenant occupied properties

[Devon Locust]

Hi all, 

I just recently got an offer accepted on a duplex in Michigan. The property is 100% tenant occupied and  I have reviewed the current lease agreements and payment history of both tenants. Are there any potential  pitfalls or important things I should look out for when purchasing tenant occupied properties? 

[Theresa Harris]

Make sure you get the security deposits, prorated rent for the month, the lease agreement is correct and they know who to make the rent payments to.