Francisco. What should I ask? There's a bank-owned property (REO) located in San Francisco that I'm interested in, but it's tenant occupied. At the open house I attended, the agent said that the tenant will be moving out on May 1. From what I understand, if a tenant is evicted, the property cannot be rented out for a period of time. Though I plan to live in this property as my primary residence for the time being, I would like the option to rent it out in the future (in case I relocate or have a child).
So my question is, what kinds of questions should I ask the realtor about the tenant and eviction? And what is the Ellis Act, and how will that affect me as a homeowner or possible landlord in San Francisco?
So my question is, what kinds of questions should I ask the realtor about the tenant and eviction? And what is the Ellis Act, and how will that affect me as a homeowner or possible landlord in San Francisco?