All Forum Posts by: Ying Tang

Hi everyone,

I came across a single-family home that’s currently tenant-occupied with about 10 months remaining on the lease. Once the lease ends, I plan to have the property professionally managed. Based on projected rent, minus the mortgage and property management fees, I’d be cash flowing around $800–$1,000 per month (not factoring in vacancy, as the PM company offers a guaranteed rent program).

That said, I know there’s risk involved. Even though evictions in Phoenix are relatively straightforward, there’s always the chance of tenant issues or property damage.

I’m considering making a lower offer to account for those risks. Have any of you bought tenant-occupied properties before? Would you go for it in this situation? And what strategies would you recommend to minimize risk?

Thanks in advance!

@Sean O'Keefe thank you!!

Hi@Marcus Lininger Your interest rate seems a bit high. I personally would not buy a property if it has negative cash flow. Appreciation is a bonus but does not always happen. I wouldn't rely on the rate cut either.

@Ken M. That's indeed very strange. I looked at google street view and saw the house number 3635. The google pin of 3637 is dropped on the window of that house🧐.

@Ken M. 

Thanks so much for being open to sharing—seriously, I really appreciate it! With your 30 years of experience, it’s clear you’ve built a deep understanding of the market, and that kind of success doesn’t happen by accident. I’m just getting started, so any tips or lessons you’re willing to pass along would mean a lot. I really admire your success, and I’m definitely signing up for AZREIA!

@Ken M. 

Hi Ken! I’m a new realtor here in Phoenix, and after closing my second deal, I’ve been having a hard time finding anything that feels like a true opportunity. Meanwhile, you seem to have a real talent for spotting great deals—I’m honestly a bit jealous!

You must have some serious skills (or connections!) because the deals you find are so impressive. I’d love to hear your secret—what’s your approach to finding these gems? If you’re open to sharing, even just a bit of your strategy or story, it would mean a lot. You’re clearly doing something right, and I’d be grateful to learn from someone who’s making it happen so well.

Hi@Brandi Jefferson 

I think that’s fairly common. I’ve been in a similar situation where the seller only allowed showings after an accepted offer to minimize disruption to tenants. While understandable, it does put the seller at a disadvantage—many buyers avoid listings they can’t see upfront. In my case, the seller ended up accepting a significantly lower price than she originally wanted due to limited interest. If everything else checks out and the numbers work, your friend might be able to use this as an advantage, especially with less competition likely in play.

@Jordan Quinn

One thing I learned in law school (I haven't graduated so don't consider my words as legal advices) is that people threat to sue all the time and 99.9% of the time there will be no lawsuit or it get settled and never went to trial. In your case, I would document everything, try to offer a no penalty exit of the lease, or offer to install a valve that will solve her problem. Document everything for the other tenant too, as it seems they might be a problem for you at some point too. 

I purchased my first rental with a realtor and after that I got the license to put in offer myself. I have a W2 job and K1 business in other fields not related to RE. The cost to maintain a license is about $1200 for me, and you can look for flat rate brokerages with low monthly fee to "hang" your license. It's totally worth it if you do one deal a year.