Can the seller show you a P&L for all of those years? 

Alan Russell that’s normally not “problem solved” because under normal condition your estate doesn’t get “stepped up” for taxes on increased basis value when you do a title addition l, rather than a will which is the proper vehicle.In your case both are somewhat irrelevant as the spouse you get the house anyway unless superseded by the will.

Request a whatever numbers the person has, ideally a rent roll, P&L for the last 2 years, a list of major upgrades.

I see a lot of P&L projections that list taxes and insurance as the only expenses and then use projected rents to calculate income (It's amazing how many rental properties are listed for sale with rental rates far below market rates).The snide replies to your post are predictable from this group.

As for getting the info best to ask for past 2 years of P&L’s along with the T12 and current rent roll.

@Taylor L. yes capx was used in my analysis.

Thanks in advance,Cesar L.

I agree with @Pat L.!

Here are a couple to start with: I simply got these off the web so I have no idea how reputable they are but try them and see Bankers Title Corporation Parque Centro 1500 San Juan, PR 00918 787 * 753 * 0339 Efrain Tirado Appraisal Group P S C 1431 Avenue Ponce De Leon 801 San Juan, PR 00907 Estudios De Titulo Ana Echevarria Investigacion 102 Torres San Crst 204 Ponce, PR 00780 Finca Galateo Limited Partnership 207 Calle Tetuan San Juan, PR 00901 Garcia Andres Rivera 555 Prira Leal Street Apartment 201 San Juan, PR 00923 787   531-1179 Ocean Park L P 207 Calle Tetuan San Juan, PR 00901 San Juan Abstract Seguro Titulos 259 Calle Chile San Juan, PR 00917 William Negron Quinones 402 Calle 2 San Juan, PR 00923

I'm interested in L/O or RTO as a strategy but also don't want to bank on people losing out in the end.