A policy might have to remain in affect with the original owner because it might raise flags with the bank.

But if you were only able to buy a property for $175K you would pay tax on the $25K difference but would still shelter the remaining $75K of profit. 

As long as you have renters who will want the space and investors who want to buy them you will support the property prices.Depending on what class of property you are buying ie Class A, B, C or D will probably determine whether your property holds it's value if those two demand drivers remain stable..

All other terms of the original lease remain the same.

I include in my leases that when the lease ends it will remain active on a monthly basis unless otherwise amended.

But for now, and we don't know for how long, it remains a seller's market in several price points here.Best of luck with your listing!

It sounds like what you want to do is take on a liability and allow a nonpaying tenant (previous owners) to remain in the property.

(She is also Canadian and lives in Canada) her name has remained on the property to date.

. :) We (my boyfriend and I) got approval from our landlord to sublet the remaining rooms in the house beginning in August.

If someone sues you and they win, to satisfy that suit (to pay the debt owed), they can go after anything you own.