Help please! First time multifamily/commercial investor
Help me please! I have the opportunity to buy a unique, rural, multifamily and commercial property… but I don’t know the things to look out for or to ask about or what to look up during my due diligence period. It’ll be my first time buying out of state and this type of property (I’ve only bought single family, not multifamily or commercial before and this is a mixed bag, with a garage, with apartments above it).
A friend brought of a few things that I never would have thought of:
1. It’s on well water, are there reverse osmosis system(s)?
2. Who takes care of lawn care?
3. How are utilities paid? By the individual tenants or included in rent?
4. Is there a public sewer usage fee?
5. Is there a trash service fee or is that county provided?
Do you have any good suggestions for things that I might want to ask for/about during my due diligence period?! I really appreciate your help.