This is really a two part question: 1) how do you know what the seller is claiming is what they are actually collecting 2) how do you know that is an appropriate amount (or how much too high/low) it is compared to market rent.1) Ask for a copy of the current leases, and copy of cancelled check or deposits to show that they are collecting that.

For rentals the market is great compared to most places I have looked.

Still decent enough areas with pretty low prices compared to what people are paying for rent in those areas.I just picked up some vacant land on Granby Street in Waterbury to build some multi family units down the road when time and money allow. 

How does this current deal compare to the last few you've done?

Thank-you @Joe Fairless - good point on asking the property manager and didn't think about comparing it with market rents.

Broker Price Opinions are fairly popular, though their reliability varies based on the experience, education and talent of the broker as well as how closely sales comps to the subject property exist.

Compare the legal descriptions in each.If he owned the other lot, and if it was covered in the mortgage, but not in the foreclosure docs, then whoever did the foreclosure will go back and correct their mistake.If it was not included in the mortgage, then the mortgagee cannot foreclose it and you can try to make a deal with the previous owner or back out of the deal.Gursel

Just seemed unneccessary, since what is important to prospective tenants is how your place looks compared to its competition, not how it looked before.

Is this property in an area that has comparable homes or is this one of the larger houses?

You are not required to explain it to them or discuss it.TREC 535.16(c):(c) A real estate licensee is obligated to provide a broker price opinion or comparative market analysis on a property when negotiating a listing or o?