Small multifamily, seller financing offers/questions

[Eric Schrader]

Hi group

I was looking at some property locally.  It was 2 units (one 3 unit and one 5 unit).  Some time ago the 3 unit went under contract.  Well, i guess the contract fell trough because it popped back up on the market.  So i asked the agent if the seller would consider carrying the note for both properties.  I was asked about terms, amount, etc..  

So I started to review the properties.  I analyzed them individually then together as an 8 unit. ( 5 one bedroom, (1)  2 bdrm, (1) 3 bdrm, (1) 4 bdrm).  7 of the 8 units are currently rented.   Analyzing as a combined property makes the most sense and meets my criteria.  

So my question(s), what sort of things should i provide back to the agent regarding conditions, contingencies, if i find things aren't right during the process (i.e. inspections, etc)

As always your help is greatly appreciated.  

eric