Guidance required for MF Settlement Process

[Sanju Walia]

Hi Team,

I am getting started in small MF commercial, residential apartments. I need guidance to understand the settlement process. I have already put in the LOI. If the offer is accepted, I understand that I need to put in the formal binding contract, but I have the following questions from here:

1. -- What is the typical due diligence period? Does it start when the contract is signed, or due diligence documents are received?
2. -- Does the due diligence period include inspection contingency?
3. -- What essential items should I look for during the due diligence period?
4. -- What is the typical financing contingency period?
5. --Does the finance contingency period start after the due diligence period?

It would be great if I could talk to someone with experience for 5 minutes; please message me.

Thanks,

Sanju