You cannot choose or screen these tenants yourself. If they have a history of late payments or property damage, you inherit those issues.
You save the time and expense of marketing the property, screening new tenants, and paying leasing commissions. buying a house that is currently rented
You are responsible for all safety codes, HVAC, plumbing, and structural upkeep from the moment of closing. Critical Due Diligence Checklist You cannot choose or screen these tenants yourself
You start collecting rent from day one, which can help offset mortgage payments immediately. screening new tenants