What else should I find out before seeing a rental?

[Amy Van Ollefen]

Hi,

I'm looking at a deal for my first rental property. As much as I've tried to research and be prepared, I'm worried there's something I'm going to miss or forget to ask. 

So far: 4 unit and SF sold together because of divorce. Asking $99,500 for both. Looked them up on findcompsnow and it shows $188K, but I am aware these can be off, I've heard as much as 40%. Not sure how to get market value as I know no realtors in the area.

Currently fully rented: ~2400/mo, 1900-2000 after water, taxes, insurance. 4 unit was remodeled when they bought it in 2012, new roof in 2008. Shared laundry in basement. SF has new water heater, sump pump, not sure about roof. Would ask if there are any current repairs needed. 

He mentioned currently zoned for multi-family, should I ask for proof of this? 

Will provide leases, all receipts since owner purchased, water and gas usage.

This sounds promising, I think I'd like to take a look at it. I'm going to call in the morning. Anything else I should find out before hand, or while I'm on site, or ask for documentation on? 

What specific documentation are hard lenders looking for? Should I ask before I see the property if the owner is ok with an inspection and appraisal if it goes to contract, before I go look at it? (It's an out of town property)