Purchasing Owner Occupied Duplex - What to Watch Out For?

[Nir]

Hi All,

I came across a few properties recently where the owner lives in one unit and rents the rest (in duplexes and triplexes).

- What should we watch out for when purchasing such properties?
- What is the main potential issue/risk?
- Should the rent collected from current owner be negotiated as part of the deal/offer? how do you do that technically?
- Is purchasing such properties considered more risky - since the owner lives there he is aware of issues even a home inspector will not always find(?)
- What is the MOST COMMON REASON such owners sell if they continue living there?

THANKS,
Neil