My fear is that he leased up the building with low quality tenants and doesn't want me to review the tenant screening materials. 

View report*This link comes directly from our calculators, based on information input by the member who posted.Hi all,This is the second deal I have analyzed.

Sellers in competitive neighborhood expect you release contingencies after viewing etc. 

I will be traveling to view the property next month and I'm in need of local contacts for property management (cleaning & laundry) and maintenance for the MEP systems.

The purpose of screening is to find reasons to reject applicants not find reasons to accept.

Thanks for all the different points of view everyone!

I understand that there will be various opinions on this but am just trying to get some other points of view that might give us some direction. 

It takes less than 2 weeks to find a qualified tenant and process them through a rigorous tenant screening process.Even in situations where there will be some re-painting and some renovations, the tenants are just happy to find a secure, good apt in a safe and trendy neighborhood.When I build my Business Plans, Vacancy cost is projected to be ZERO in my investment localities.If a friend or relative invests in a different location, then I look at the asking rent versus the Fair Market Rent (FMR).If the asking Rent is approximately the same as the FMR, then, depending on the vacancy rate of the target area, I would estimate 1 month vacancy allowance.IF the asking Rent is significantly below the FMR in a highly dense locality, then there is no point on adding a vacancy of any significant value.I once had an apt with a FMR of $3k per month.

And let me know in case the link doesn't workhttps://drive.google.com/file/d/1xacClJuryIPf3yhXhWLwXLzVGz4xx-tp/view?

Go to HUD Homestore.gov, it is free to view listings HUD REO properties for sale.