Questions to ask seller of tenant-occupied multi-family property

[Shaun Grindle]

I am wanting to do my due diligence on a 5 unit property (a duplex and a triplex on the same property) all of which are filled with tenants. I am wondering if people have suggestions for good questions to ask the seller other than the current rent rates and the lease agreements of the current tenants. Any thoughts? Any suggestions would be welcome. 

[Marshall M.]

@Shaun Grindle nice work on finding a potential deal.

I always ask for rent roll, delinquency report (very important right now), profit and loss statements, what utilities are reimbursed if any, if there any down units and why are they down, then ask for last renovation of the units, condition of roof, hvac and any plumbing, electrical or structural issues.