Here is an example of what I utilize for onboarding value add multifamily.

Utility bills and maintenance records will give insight into operational costs.

The year it is placed in service, is the year you can utilize the cost seg.

As an investor-focused agent in the Cleveland market I always have my clients write the following contingencies in when buying a house that's tenant occupied:1) Offer contingent on home inspection- usually a 7-10 day contingency period, this contingency allows you to either A) move forward with the deal B) renegotiate the price if issues are found, or C) walk away from the deal2) Offer contingent on appraisal if you're going financing3) Seller to provide copy of current lease agreement4) Seller to provide a rent roll/tenant ledger with proof of payments received5) Seller to provide copies of 3 previous months of any utilities paid by the landlord6) Seller and tenants to fill out Estoppel Certificate.

Ryan,Thanks so much for the response, can i utilize this if i am not currently renting the property out?

Keeping this as a rental would not cover the mortgage (we'd have to pay ~1500 a month including utilities) and we can afford the extra payment, but is it worth it when looking at appreciation?

Utilities are absent.

From there, you can utilize that team to gain experience and understanding into the market.  

Looking for some understanding about because of my planned exit strategy.I have some questions about: 1> Cash Out Refi LTV: Single assets versus multiple properties2> Terms and best practices:3> Utilizing a Realtor4> Personal Guarantees: Stabilized/ Performing vs Personal creditSet up:Utilizing non amortized seller financing to acquire the property @ 35000/60 months.Rehab Estimates are not in in yet the property.

The students pay their own utilities.