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Updated almost 12 years ago,
verifying p&l, returns, for evaluating a triplex purchase.
What documents do you ask for to verify the income, expense, vacancy, etc. of a triplex rental property? Are there notarized, certified documents you can ask for?
I'm looking at a triplex, listed about 125k, tax value 98k, rents I would guess at least $500 for each unit. I done a little searching and the only thing I've come up with is make sure your not looking at pro forma, be sure to verify this and that, etc. Can anyone suggest a resource with suggested forms or a list of due diligence items? Is this best done by an attorney?