Rental Property Due Diligence

[Austin Price]

Hi, everyone. I'm an aspiring real estate investor trying to learn as much as I can while we're all locked inside our homes. My question for you all: After running the initial numbers on a property and determining it to be worth pursuing, what are some questions you normally like to ask the seller (or their agent) before going any further?

I can think of a few obvious ones, like what are the current tenants paying in rent (if it's occupied) or what major additions/renovations have been made to the property. Do you all have some more questions you like to have answered before continuing to pursue some opportunity? If so, how do you go about verifying those answers?

Thanks in advance for any and all responses.