About to view first 4 unit multifamily.

[Jason Scharf]

Hi guys,

I have an appointment tomorrow to view my first house hacking potential. It's a 4 unit property in Liverpool, NY. I'm gettin anxious in an excited way but just want to get some quick refreshers from my bigger pockets network before I go. Here are the questions that I am thinking need to be asked. Please let me know if any of you would add to this list. Thank you so much in advance!!!

1- Why does the seller want out? She may not know the seller because she's not the listing agent.

2- Does this rent seem reasonable for the area?

3-Could I see comparables for this area?

4-Could I see a Pro-forma?

5-Are there any major expenditures that need to be done (roof, plumbing, hvac, etc.)

Other thoughts? Also, she did say that they're are currently tenants in the unit. Cannot remember if she said all were occupied, but how does that work if I want to make improvement to the home and the rent may increase? Do you basically just say to the tenants, the rent is going up and either pay and move on? First timer, trying to do it the right way. Any advice is, as always, appreciated. Thanks everyone!