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1). Some states have very strong tenants rights, with restrictions on rent increases.
(I'm on the LL side and endured my share but fully admit the serious BS goes both ways)
They could be driving the current owner mad and he just wants to escape.
There could be federally "protected class" issues involved, which will cost you a big buck in legal to start.
2). The land rights have just been sold. The oil derricks bought from somewhere in backwoods russia will soon be installed next door and start side drilling 24/7.
3). Mold, asbestos, and termites abound. Nuke the site from outer space to be sure.
4). Good 'ol Charlie's nephew has been used to borrowing a few bucks or a car at night from the old LL.
Are ya talked out of it yet?
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