Posted by DavidV on September 30, 2003 at 09:53:37:
If you want to rehab make the purchase contingent upon the tenant being gone. If you buy and then evict thats more holding costs for you while you evict.
You also may want to put in a “walk through the day of closing” in the contract. The tenant may get mad at being kicked out and trash the place more than you want to fix. I’ve seen and heard stranger things happen.