Offer w/ Existing Tenants

[Matt B.]

Hi All -

Hoping someone can point me in the right direction as I've searched the forums but unable to find a clear answer. When looking to submit an offer property, what information are you legally allowed to obtain of the existing tenants before making an offer on a property?

I ask this because let's say the seller states that the leases have 3 years remaining on them. When crunching numbers, I want to be able to decide if I need to factor in any reserves for marketing the property, non-payment for whatever reason, and just generally know the tenants that I am "getting into bed" with if they have longer leases. Are you able to validate employment/salary/timely payments of current tenants before making an offer or do you have to rely on just the sellers' word until an offer is submitted and the estoppel agreement time of the purchase? I understand the logic that you wouldn't put an offer on a property that you didn't think you could lease. However, this more of just a curious question. Thanks for the help in advance.