The property is already proven as "rentable," and you save the time and expense of marketing, screening, and paying broker commissions to find new occupants.
To protect your investment, follow this checklist before finalizing the purchase: Rental Property Due Diligence Checklist (Free Download) buying rental property with existing tenants
You start collecting rent from Day 1, often before your first mortgage payment is due. The property is already proven as "rentable," and
The property is already proven as "rentable," and you save the time and expense of marketing, screening, and paying broker commissions to find new occupants.
To protect your investment, follow this checklist before finalizing the purchase: Rental Property Due Diligence Checklist (Free Download)
You start collecting rent from Day 1, often before your first mortgage payment is due.