First 4 plex but Seller is lacking proper financials
Hello,
I have placed an offer for my 4 plex which has been accepted. I am excited!!!! The property has 4 families which are long term renters. 3 families have not kept props very well. Seller also does not have proper financials. It’s more like handshake and good faith method between seller and renter ( or that’s what I am getting the impression).
Should I be very careful moving forward if I don’t have proper financials from the seller? OR it’s not a big deal and can be dealt later on using a property manager?