Looking at a 4plex tomorrow, what should be sure to see/ask?

[Katie Jewell]

We are seeing our first 4plex tomorrow and the numbers look good. What do we need to make sure we do/see/ask before we make an offer and then before we close? Any tips welcome.

[Aaron K.]

Know what the rents are and ask your agent to run rental comps to make sure they are where they are supposed to be.  I'd also pay particular attention to the roof and any AC units.  Another good thing to know would be who pays the utilities.  Also look at the neighborhood, the less other multifamily properties around you the better the neighborhood generally speaking.