What do I need

[Chris Sukala]

Ok so We came across well kind of a deal. 2 rental properties bundled together. They are in an ok neighborhood what I think everyone calls C class not bad but not the greatest. I would feel fine going there anytime of the day or night just not a top notch area. They are currently rented out to supposedly long term tenants. Ok so what should I have my agent get from seller before moving forward. I was thinking; any maintenance logs, the existing lease agreements and I read about a estoppel agreement. If i do the estoppel agreement. How does this work? Do I give them to then tenants or to the sellers realtor? Any input would be great. Doing the 1% rule I am way over. They are asking 75k for both and rent is 600 per house. So that's a little over 1.5% if I offer, which I will not, full asking price.