| Comment | You're in the enviable position of being able to purchase a second property (not to mention having some control over who your neighbours are), and you're bound to get a below-market purchase price thanks to a connection with the current owner.
If you're serious about being ethical, set the rent such that you don't make an operating profit. The tenants will already be paying your mortgage for you. This would pay some of your good fortune forward to them, perhaps helping them to save for a place of their own. Go even further and keep their details when they leave. When you come to sell, gift them the profit on the portion of the mortgage they paid.
If you're serious. |
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