In contract: time for rent rolls and leases?

[Christen G.]

I’m in contract on a 7-plex for well under listing. It’s a C class property - which I’m familiar with and have operated. On paper this is a win of a purchase for me. I can provide a fast purchase and close (buying in cash). Realtor noted that 1 tenant was in arrears and they’d provide more info but hasn’t. The inspection is happening and I’m awaiting the report but in the mean time the seller is not providing rent rolls or leases so I can do due diligence. They said once that rent rolls “were coming” and now they said they’ll provide at closing. This seems like a big red flag for me. Two questions:

- all things considered: is this a giant red flag for you, too?

- how common are estoppel agreements? I’ve never used / issues one.

Thank you for your input.