Seller doesn't have rent roll

[Dustin Drummer]

Hey everyone,

Im currently trying to set up a deal with myself and some investors, and the agent im in contact with just told me that the seller "isn't a rent roll type of person"

Im a pretty new investor, so I'm wondering what other ways I could find some sort of evidence of tenancy. I have read bank statements as well as tax reports. If so, how would I go about finding them? 

Thanks in advance!

[Todd Rasmussen]

@Dustin Drummer

"Not a rent roll, type person" = "Not a maintain, their properties person" = "Not a screen their tenants person"

Be prepared for economic and actual vacancy, deferred maintenance, and tenant issues. All of those things are tolerable at the right purchase point.

The seller filed taxes on the property, use those to figure out operating income and compare that to how they're telling you it performs. Have tenants fill out estoppel agreements so rent amount deposit amount and ownership of appliances is documented between tenant seller and buyer. Make it the seller's responsibility to clear up any discrepancy prior to closing.