Are there any verbal agreements or arrangements between the current Landlord and Tenant?

Example:Have you used virtual staging?

There are ways to determine the status of a property to benefit from the pre-foreclosure stage. 

If you plan to keep, what arrangement does the caretaker have in place? 

They are currently in stage 3 of the development and are offering 10k incentives Builder and 2% Seller(towards buying down the interest or closing cost), home comes with warranty and appliances. 

For showing they would email a code to lockbox to prospective tenant once the showing appt arranged.

My partner has this arrangement.

In the beginning stages of organizing a Schaumburg based meet up.

This immediately struck me as odd as I wasn't aware of any form of compensation to the PM for any maintenance related activities, just 8% of gross rent and 1-month of rent to lease the property, per our contract.Naturally I wanted to understand the nature of this arrangement, specifically how much mark-up is being charged, so I referenced a specific sewer repair bill from 2015 that was $2,600 and asked him if he could provide the vendor invoice so I could understand how much the vendor charged and how much revenue the PM recognized.  

I'm also in the stage of my investing journey where I care less about growth and more about mitigating risk.