Buying a duplex with tenants

[Matt Stefanski]

Hey guys I've been on this site for quite awhile and I'm finally getting around to purchasing my first property! It's a 3 lower 2 upper duplex in South Milwaukee, Wisconsin. The previous owner was using the upstairs as an air bnb but the lower unit he has tenants on a mtm lease. I'm just wondering is there anything I should ask from the owner besides

-The current lease agreement.

-The move in / check in sheet

-Tenant info

-Security deposit

-Prorated rent

Just wanna make sure I cover my bases and dont have any suprises at closing. also if anyone is looking to link up in Milwaukee and discuss real estate I'm really trying to expand my social circle and would love to meet up!

Thanks for any and all replies and help!

[Jason Runkel]

Congrats on the first property Matt! Hope all goes well for you. I also purchased my first duplex this year in Racine as a house hack, and its definitely been a great learning experience so far. I was lucky enough to not have tenants in place at the time, so I got to experience finding and vetting tenants for the property. With that being said, I didn't personally have to cover my bases in the same way as of yet, but I will for sure be following the post to learn more! 

Personally, I am looking to move more into BRRRR investing in the Racine and Milwaukee area. I live between my duplex in Racine and my girlfriends house in Walkers Point so I'm lucky to be familiar with both areas. The biggest challange I had with finding my initial property and even more so in trying to find a BRRRR project has been working with RE agents who weren't particularly investment minded, and it seemed not many I had found were, so I am also working on pursuing my license. Would love to meet up some time to chat!