Income & Expense Verification

[George G.]

We are in the process of submitting an offer and doing our own due diligence. I wanted to do a quick survey to see how you guys verify income statements and expense reports provided by the broker. Currently we have received an income statement in excel for 2016, a rent roll.

After we get it under contract, what's the best to verify? We don't want to scare them away. We do have our business plan to execute, so we are not super concerned with tenants and rent roll. We just want to uncover any big expenses or nasty surprises which would end up with us paying expenses out of our pockets after taking over.