What Due Diligence Items Should I Consider?

[Ben Azubuike]

Hello BP Community,

I just got under contract on a property, and I agreed a 9-day due diligence period under the contract. The property is currently tenanted with the lease expiring in July 2025. Property is also managed by a property management company. Its a 4bed 4bath, and the plan is to do a light rehab after the current lease ends, get new tenants and increase rents a little bit. Strategy is long term hold.

Question - Apart from getting inspections done by a quality inspections company, what other items do I need to verify or consider as part of due diligence, before closing or in order to decide Go-No-Go?

[Ben Azubuike]

Quote from @Adam Bartomeo:

You should be asking for the lease, estoppel, and verification of all of the expenses that the owner pays for. I assume that this is a SFH so they probably won't have the best records.

Yes, I forgot to include that, its a SFH