Newbie to commercial/multi-familes - when do I get rent rolls?

[Christen G.]

Hi folks,

I have 8 doors in some duplex/triplexes and am looking to scale this year - I want to take the jump to a bigger building. I'm finding that most of the MLS listings (that I'm interested in) are a mess: missing or incorrect info, undervaluing expenses, etc... I know that I'll have to run my own numbers and not rely on theirs, but almost every property I'm looking at and inquiring about has not provided rent rolls, etc... and won't without an accepted offer. Is this common? Is there a good work-around? Are these not motivated sellers? Don't get me wrong, I love putting lipstick on a pig and I see a messy listing as an opportunity to be honest - if their books are haggard then cleaning them up and re-positioning will be even easier, right? But how am I to run numbers well without the info?

The other thing I'm finding is my agent is super focused on "will it finance" and giving me those numbers - and I know I can get something financed - I have a good track record, credit, capital, etc... I'm more interested in how it pencils and what the cash flow is...which again...is impossible to get without rent rolls. Time for a new agent or is this par for the course?

I feel like I'm going in circles -- any advice, mentorship, etc.. is welcomed. Thank you in advance.