The transaction/timing was just because we were working directly with the seller. My wife found the property, and we agreed upon the transaction outside of the MLS. We’ve done these type of purchases before. While in escrow, we told the seller we were looking for a renter, and the price we were looking for. He said he would ask around, and came back with a tenant shortly after which agreed upon our price.
That the tenant was immediately ready to move in should have been a red flag…
I don’t think the seller intentionally did this to us. Ultimately it is our fault for not following our standard due diligence.
