I purchased a mixed-use building (retail/office) earlier this year and the transaction was based on owner-financing with a substantial down payment.
The building was vacant except for 1 retail tenant, which helped cover some of my mortgage.
A month ago, the retail tenant vacated the space and they are not returning my calls.
After doing some research online to find the tenant, I found out that the seller and the tenant are related (mother/daughter).
I paid more for the building because of this immediate income stream and strongly feel this was a scam. The tenant said business is great and a few months later leaves.
I need to take action on this matter right away. I hope they are not waiting for me to default on this loan and take the property back.