No rent financials on duplex - should I be concerned?

[Ashley Cao]

Hello BPers! Newbie here in contract for my first rental property (duplex with both sides occupied). Thanks to this great community for getting me here!

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Couple questions regarding contract phase:

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1. Seller does not have much info on rent financials. Should I be concerned? What can I do to avoid issues if I close on this property?

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2. I am going to do delayed financing - if there are not a lot of comps for similar duplexes in the area, how will the lender’s appraiser determine value ?

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3. We are going to submit remedy requests based on the inspection. We indicated we will buy as-is except for major repairs over $500 as discovered by the inspection. Do I need to put together valuations of these major repairs?

Thanks for your thoughts!