Questions to Ask For Rental Purchase

[Wendy Vaidic]

Hello.  I'd like to purchase a rental property, and I was wondering what questions I should ask the seller?

I'm thinking:

1. Tell me about the property

2. Current lease terms ( amount, length etc.)

3. Length of time current tenants have been in place and how well they've paid, taken care of property etc..knowing info. may be biased

4. Monthly costs ( utilities if included, management, taxes, maintenance)

5. Updates and dates completed ( especially age of roof, a/c, etc..)

6. Owner financing possible

I'm sure I'm missing something.  Please help me fill in the gaps.

Thanks!

Wendy