Closing on (almost) first 5 unit property (fully occ) building

[Patrick W.]

I'm closing just after the first of the year on a 5 unit building. I own a duplex currently that is my primary residence so it is easy to self manage - but this new building will be a new adventure. 

All units are currently filled some long term, some in their first lease. 

For those who have purchased buildings with tenants in place:

- What are some things you wish you thought of before closing to prepare (and I should start to plan for)
- What makes for a smooth transition to a new owner
- What are some things I should be doing in the next month and a half to prepare 
- What wisdom can you share with me from your experiences!