I'm considering selling one of my rental properties to my current tenants in hopes of getting a better return from the proceeds in another investment vehicle. To make the most out of this transaction, the costs associated with the sale need to be kept at a minimum.
Has anyone sold to a tenant and how do you go about keeping costs low? Not having to involve real estate agents (hopefully) helps a lot. How did you go about writing the contract, and setting up the closing. The property is located in MD.
Any help is appreciated