first time purchase

[Linda M.]

I need quick advice I am a first time buyer and made an offer on a four unit a little nervous and about the steps it will take the learning process is intimidating 

[Byron Bohlsen]

sounds like you haven't done the due diligence on the renter side.  I recommend requesting copies of all the leases and proof the tenants are paying not just occupying. Also You will want to collect everything you can before close - tenant communication logs past applications maintenance histories. Get a written statement saying no verbal or written agreements are in place outside the lease so tenant can't come back saying xyz said free abc. Also tell your green realtor to write up an addendumn to purchase agreement that the seller brings the security deposits plus interest to closing. If you don't collect at closing its coming out of your wallet