Documents to verify Rent, Tenant Security Deposits and Expenses

[Jim Robertson]

I am looking into a multifamily complex, 8 units. During the option period what should I ask for from the seller to verify that rents are being collected? What documents should I ask for to verify that expenses are actual expenses, and nothing is being left out? Should I reach out to the tenants?

I know there is always risk involved, and the numbers work on the property for me. I just want to make sure the numbers are actual. What methods have you used to verify numbers.