Recommended documents before making an offer.

[Chas Lumley]

Hello all,

I'm looking to make my first offer on a duplex and I'm needing help deciding what to request now vs what can wait until the due diligence period. 

Is it reasonable/expected to ask the seller to provide all their income/expense reports. Additionally, is it reasonable to request the current leases and what I believe is called the rent rider form (please correct me if that's not a real thing) prior to making an offer?

Half of me wants to gather as much information as I can before making an offer, but the other half of me wants to just make the offer so the seller knows I'm serious, then check all the leases and expenses during the due diligence phase. 

Any advice on the normal process you use prior to making an offer would be greatly appreciated. 

Thanks!

[Caleb Brown]

Getting leases is typically done once under contract, I always have verbiage that leases will be reviewed by buyer within the inspection contingency. A rider should be filled out. It will show the rent amounts, who pays utilities and expenses they know annually. For 2-4 units most owners don't keep track of all their expenses so that will be a hard one. If it's rented I would ask if the tenants are current.