Hi BP Gurus / Seniors,I am new to the REI and placed an offer for my first multi-unit property.Here are the details.Area: Near by Shabbona Park, DunningNumber of Units: Legal 3Built: 1950Price: $455,000 ($450k (purchase) + $5k (Minor repairs: Nice to fix but not an immediate need))Loan Type: Conventional (20% down & 2.5% interest rate)Annual Gross Rent: $38,400 (Tenants pays Electricity + Gas)Annual Expenses (Property Tax + Insurance + City utility): $10,000Parking Space: 3 (Garage – 2 & Side Pad – 1)Other details: Exterior Brick, free laundry in basement, all units occupied and it is a turnkey property.Pros: Steps away to CTA Bus Stop; Good Elementary school (PK-8); Walkable to Shabbona Park Recreation, Restaurants and Grocery Stores; 10 mins drive to Schiller Woods; 15 mins drive to Airport & low crime to visit the property any time confidently.Cons: Below average High School & 20 mins CTA Bus to Blue Line.My Situation: I will be in Chicago area until next Summer and relocate to Texas.

I live at least six blocks from the nearest grocery store, which means that, on foot, it takes me almost 20 minutes to get there.

I have never required an inherited tenant to fill out a rental application, nor have I ever run their credit history. 

Are you seeing a larger increase of the CDC Eviction Moratorium applications being submitted? 

.- Ask interested tenants to submit application fees.

Data centers seem like a good idea but will companies that store lots of data rent from me and if so how do I find/attract these companies to my data center?

He also sent his rental application with no references what so ever saying he owns his company and providing few friends as references when I told him he didnt provide any references.What do you guys think?

Bad tenants: eviction is a long dragged out court process.Credit check all applicants, don't just take everyone just because they give you the entire year's rents in advance.

But maybe it's worth it to ask more questions and find out for sure.If you want to pursue it...make them start filling out paperwork...background check (like Matt suggested), rental application, current and previous landlord info, employment info, current monthly income, last 2 pay stubs.

The commercial has been empty for almost 30 yrs (old liquor store) and needs floor to ceiling reno.