Rental Purchase with Existing Tenants

[LaQuinn Bolling]

Hello,

I'm in the process of purchasing my first deal via wholesaler.  The property is a duplex and already has tenants placed.  We'll be doing a walk through today, during this timeframe what are some other questions I should be asking the owner?  Property's income statement?  Full repair list?  Any and all suggestions are welcome.

[Jack V. Ospina]

@LaQuinn Bolling You might need a tenant Estoppel Letter from seller, Sellers disclosure document. I would like to know if tenants make payments on time or not. Check out the lease agreement as well to see when the lease expires and what the deposits are if any. Hope this helps!