Multifamily Due Diligence

[Alissa Reed]

Hi BP family,

We are considering our first multifamily purchase. However, the listing agent basically included zero detail in the MLS listing. So we have no interior pictures to give an idea of number of units, no current lease rates, cap rate, etc. Even the agent that we work with has been unable to locate any beneficial data. We have requested to view the property since that appears to be the only way to gather tangible info on the property. But, my question is, what report data, lists, proof of income type things should we request from the owner. This will be the first property that we've purchased with a rental history. Everything else that we have done has been a flip project. Any advice would be greatly appreciated!