I have heard of commercial owners not providing documentation until a contract has been signed.Will the seller provide P&L or bank statements to verify expenses?

Less than $1M is preferable to avoid having to complete Sch L or M on the 1065.

Any ideas on how to get P&L or Rent Roll.. occupancy verification from a mom and pop owner who says they don’t have this information?

With 5' walls, my overall dimensions would be 10'W by 34' L, or 340 sq feet (not sure if i need to subtract the stairwell at one end of room).

@Fong Lor  You don't say what the ARV is, that makes a big difference whether it is $25k or $125K.

Is there a way to get an SBA loan though without 3 years of P&L or tax returns from the sellers?

I still would ask from the owner their P&L or operating statement to see what they are paying.

Once I create a YTD P&L, or run the VA residual income calculation, or whatever, it's right there in google sheets/docs in the "templates" tab at the bottom, waiting to be recycled on the next deal.

@Tou Lor, the most important person to leverage is an expert flipper.

@Tou Lor before you ask the repeatedly asked question "how to get listings" search on here as there are several other threads that can give some great advice on that.