Here's a list of what we ask for in our LOIs and contracts:Operating financial statements for the property, including income statements, expense statements, capital expenditures, for the last two years of operation and year-to-date financial statements for 2020.Prior two (2) years tax returns and addendums for the Property.Current tenant leases, tenant correspondence, tenant credit information, tenant security deposit register, and delinquency report.Onsite staff payroll records to include salary, bonuses, payroll taxes, benefits, etc.Monthly owner statements and rent rolls for the past 12 months.Contracts, service agreements, and files pertaining to the property.List of maintenance all maintenance requests (complete and incomplete) for the last two years of operations.Real estate tax billings and assessments and other correspondence pertaining to real estate tax calculations at the property.Copy of Insurance Policy and claims documentation (loss runs).List of capital improvements and any and all necessary related documentation and warranties.All existing warranties and guarantees from architects, contractors, and material and equipment suppliers, all of which would be assigned to Purchase.Any existing environmental Phase I/II reports, engineering reports, soil, mold, radon, asbestos, hazardous substance, termite, or other tests, studies, or reports.Any existing appraisals.Itemized inventory of all personal property.Twelve (12) months of utility, water and sewer bills.Twelve (12) months of bank statements.Verification of additional income from operations including but not limited to application, pet, late, and other fees, etc.Copies of title policies, title reports, land surveys, site plans, deeds, or any architectural plans for the property.History of or pending litigation against the Property, its owners, or its managers related to the Property or the operation thereof.Such additional information, documentation, or access as Purchaser shall require

Don't buy from a company that won't honor claims; and won't defend policy holders.

Insurance can protect you but certain claims are not covered e.g., toxic mold, vicious animal, claimed discrimination, etc. 

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

Again this is not an economic crisis or economic recession you can not apply old data point like 2008 and claiming that we are better/worse.

He claims he’ll fix the hole but I have a feeling at the last day they’re going to be things I want money for How do you handle it with a situation like thatWhere he’s not going to want to wait for a certified letter and I want to comply with the law. what have you done in the past with a situation like that so he can get his deposit and I can collect for whatever isn’t done. 

@Iyana WilliamsGoogle your small claims court rules.

There are wires that stretch between each building for Duke Energy, Comcast, security cameras, etc.Last month a Rent-A-Center truck took out a bunch of my lines - I have the whole thing on video:https://youtu.be/BafD7fb5E-Mhttps://youtu.be/C0p-5q7MMiMTheir insurance company is refusing to pay the claim because they say my wires are not high enough and do not comply to NESC Guidelines.Does anybody know what NESC is, and as an apartment building owner is there some expectation of compliance?

Technically at the moment the trust still has claim to the property.

If she is disabled or claims to be disabled in my state you must make accommodations for any disability, in my state the tenant has to pay for the change but I can’t refuse it if there is a disability.