5-plex buying guidance

[Evan Steadman]

Hi all. I am a newbie from West Virginia and have found a multifamily that I think would be worth buying, but I am not really sure what questions to ask the seller and what actions to take prior to purchase that would help me make an educated purchase.

I am looking at a 5 apartment (6 bedroom) multi with an asking price of $129K. I have already asked the seller for current rental rates and average occupancy rate. (seller says this property has been 100% occupied since taking ownership 10 years ago) 

What other kinds of questions should I ask? What kind of actions should I take (inspections?,... appraisal?) prior to purchase? Anyone with experience in buying multis, please let know your thoughts. Thanks so much for sharing!