Questions I should be asking

[Christopher Symenow]

I am going to go look at my first mulit-family property this week. It is fully rented currently so I'm not sure how much looking I should be doing in people's apartments. But also, what kinds of questions should I be asking the RE salesperson? I suspect there to be deferred maintainence as I can tell from photos and driving by that the roof needs replacing at the very least. The agent is also the seller's agent but I have known her and used her on my STR purchase last year (which was unoccupied). Any thoughts or advice is appreciated!!

[Mike Paolucci]

Quote from @Christopher Symenow:

I am going to go look at my first mulit-family property this week. It is fully rented currently so I'm not sure how much looking I should be doing in people's apartments. But also, what kinds of questions should I be asking the RE salesperson? I suspect there to be deferred maintainence as I can tell from photos and driving by that the roof needs replacing at the very least. The agent is also the seller's agent but I have known her and used her on my STR purchase last year (which was unoccupied). Any thoughts or advice is appreciated!!

#1- I'd recommend getting your own representative - seller agent will owe you ZERO fiduciary duty and even if they do represent both sides, they won't be able to give you much advice on how to get the best deal possible. It's great that you have some familiarity with them but this is business. 

Questions to ask: 
Previous inspection / pre-listing inspection reports 

Rent rolls - lease details / history of late rental payments
Ages of hot water tanks/furances + ac units / roof / windows 
Any known issues with foundation
Sewer line issues - any known backups or clogs that have required the line to get snaked