4-plex under contract - now what?

[Jon Tripp]

I just put a 4-plex under contract And I’m in the due diligence period. While I’m in the real estate business as a residential agent, I feel a bit like a fish out of water with multi-family.

The main question I have at this point is this: what documents should I be getting from the seller that pertain to the property during this DD period? I’ve gotten most of the leases, a couple of repair tickets and that’s it. How extensive a document dump should I expect or require so that I can have a comprehensive understanding of everything involved?