I am by no means an expert but from what I have read, and then verified with my lender friends, is that having had a property in forbearance can significantly impact your ability to borrow in the future.

Run your sales and rental comps to verify equity capture and cash flow.

You need to verify economic occupancy especially right now so the T-3 is very important as well as the T-12. 

Even best guesses aren't verifiable.  

Avalara MyLodgeTax has a tool that can show you applicable taxes in your area, though I recommend verifying it with the tax authorities.

If you are interested then you need to do all your own due diligence and verify anything the seller is telling you with receipts, bank records, leases, rent rolls, etc..

It depends on the individual, their reputation, professionalism and verifiable track record of success in the business they are currently in.

Please someone verify if I have this right.

.- MLS originally listed $1200 MTM w/lease- At time of P&S, listing said $1200 MTM no lease- There is no security deposit- The unit was already pretty beat up, but some damage is evidently from the tenant (ie: their kid beat up the baseboard pretty badly crashing into it on his tricycle MANY times all around the living room)- Per contingencies, I received a statement from the current owner stating he receives $1275/month and includes internet & water- Also he is verifying this income per another contingency he agreed toI am opening this to discussion because I'd like to hear some opinions of my game plan for handling the unit:- I'd like to have an introduction with the tenant and see about getting them on a short-term lease (ending right before school starts up, just in case)- I don't want to increase rent, if anything I'd lower it and no longer include internet (maybe)- I'd like to acquire a security deposit, but not sure how to go about this without tainting the relationship with the tenant, and considering the pandemic, don't want to ask for MORE money right now- Can I even hold the tenant responsible for any damage that was evidently caused by them if I'm inheriting the property in it's current condition (after the damage was done)?

They currently live out of state as well.My question is, what questions should you ask to verify this person actually makes that much, and their business is legal, and how realistic is it for most applicants to be willing to pay a full year up front?