Is this a good deal?
I am buying my first mixed use property where first floor is commercial and second floor is a 4 bedroom. The seller bought the property last year for 80k and selling now for 130k with out providing a sellers disclosure or profit and loss statement. They state the rents go for $1200 a month for commercial (on a 3 year lease) and another $1000 for the apartment upstairs which is vacant. They are selling it because they are out of state investors who are in over there heads. My concern is they don’t have profit or loss statements for the property, can’t provide me with sellers disclosure and is in a bad part of town. What more should I look for from them before I get my own inspectors to check it out