New to Arizona, HELP. Buying my first Multifamily here!

[Justin Caputo]

Hello! 

I'm a AZ & OR Realtor who moved to AZ this year and have been looking for 6+ months on my next deal. Goal was to have 4 units before the end of the year. I finally found what looks to be a great deal on paper last night. 4 units for $289k, rental income is $3,140/month. The numbers look good but the area, is probably C class.I need a second opinion on this deal before moving forward. THe wholesaler has zero information. I asked for expenses and all he said is owner pays water. But doesn't know how much. It's fully occupied, I'm asking him to ask the seller for financials but haven't hear back yet. The contract is in my inbox to make it mine. I would love to meet some local investors here in Arizona that could give me their opinions and even possibly partnering up. I have the capital and ready to go but just don't want to step into a nightmare. 

Thank you!!! 
Justin Caputo

[Dan Gauthier]

@Justin Caputo - you will absolutely want to to get rent rolls, environmental documents, the lease, tenant application, seller financials, and more during your due diligence period. Provided the contract has an acceptable due diligence period, these items can be provided by seller after you sign the purchase contract. If seller refuses or fails to provide sufficient documentation, you are free to walk away. 

Let me know if you want to chat about your options and/or if you are still looking for a partner.