Buying A House That Is | Currently Rented

You cannot choose or screen these tenants yourself. If they have a history of late payments or property damage, you inherit those issues.

You start collecting rent from day one, which can help offset mortgage payments immediately. buying a house that is currently rented

Buying a house with existing tenants means you are purchasing both a property and a . Because leases "attach" to the home rather than the owner, you automatically become the new landlord and must honor the existing terms until they expire. Key Benefits and Risks You cannot choose or screen these tenants yourself