Purchasing occupied rental from another investor

[Anne S.]

Good morning BP community!

I have been studying REI for about a year now and am ready to move from analysis paralysis to making my first deal happen in 2013. I attended my second local REIA meeting last night and was approached by a more experienced investor who indicated that she owns a house I might be interested in.

I searched the house online for some basic information, but was wondering if anyone could give me some suggestions of what financial specifics I should request from her in order to determine if the property is worth looking into further. The cautious side of me questions why someone would sell a so-called "cash cow" to another investor. Transitioning her portfolio?? She owns several large apartment complexes and approximately 30 SFH.

Any insight is much appreciated.

Cheers!