Just purchased a small multifamily and there are tenants that smoke in their unit...my lease is non-smoking...tenants are currently on a verbal lease...any advice- they are long-term tenants- been in the unit for over 2 years and reported to never be late on rent...

Are there organizations that report on them?

That's why you need to ask.A DIL shows up as a foreclosure on the borrower's credit report.

Rehabbing and getting your properties rented will be your next step in the process with lessons and bumps in the road along the way.

It's hard to find anything in the report that's less than impressive.  

your best bet is to have one on your team, and consult with him on this matter, i am not a CPA but i believe all those improvements should have been put on your taxes the years that you had the work done, it would have increased the asset value then and kept adding as you did the projects and reported them. i think you are in for an uphill battle now. the work you may have done say 5 years ago can't just be claimed now, there is 5 years of depreciation that is against that work that the IRS will claim you lost out on, so that will have to be deducted from your numbers.

Pay for a Prelim Title Report - - this is what the bank and title company would be looking at.If a few hundred dollars keeps you dry on the docks, it's better than falling into the water filled with sharks.

For instance, Commercial Pro 247 is an online tool through FNT that allows users to look up property values and comp lists, among other reports & info.

Reports just came back on this house we are offering on and some of the pest report showed issues with the foundation.

Is their credit report good/clean?