Tommorrow 4 Unit FSBO

[Louis Zameryka]

Tomorrow I am going to tour a four unit all are one bedroom one bath.

I’m a rookie and it’s a for sale by owner I will tour it with one of the owners. I’m in New York so it’s an old building and it’s occupied. Based on the listing price I think cash flow would be extremely slim or maybe even negative with the current rents and current tenants.

On my tour tomorrow what should I be asking and what should I be looking for?

Anything that is a must ask or anything that is a red flag?

Or any advice on opportunities to look for while I tour the building?

Thanks in advance for helping this rookie.