Bank asked for an Expense Report??

[Steven Foster Wilson]

I’m currently in contract with a duplex for an investment property.

My lender asked for leases and expense reports. The sellers are old school though and have no expense reports, let alone leases!

So I said I could create a proposed expense report to give the bank a PROPOSED idea of expenses.....they said ok.

But one problem, what is an expense report? And what goes on it? Do I count insurance as an expense? Is it just stuff like roof repair etc??

Thanks anyone for your help!