What Info to Request from Listing Broker?

[Ethan Anderson]

Hi BP, I am newbie looking to get some experience underwriting small apartment complexes. I have found a few properties on Loopnet that could be good practice.

Is there an industry norm for how financials are shared with potential investors? For instance, monthly rev & expenses for trailing 12 months, and annual financial statements for the last X years? 

Do brokers tend to share info on tenants (leases, rent applications, etc.) with potential buyers? 

Is there info that brokers typically will not share until more interest is shown by the buyer? That is, information the broker will not hand over until the buyer at least walks the property or shows proof of financing? 

Thanks for your help!