While I’m in the real estate business as a residential agent, I feel a bit like a fish out of water with multi-family.The main question I have at this point is this: what documents should I be getting from the seller that pertain to the property during this DD period?

You'll be surprised the type of creative structuring in deals you can come up with that end up being beneficial for all parties involved.

The insurance agent/broker should be able to provide a document with proof that the property has sufficient coverage.

We are working on finding an attorney to write up the documents for us, but what are some things that I should keep in mind as I go through this process as a buyer. 

Sounds beneficial.

. $1,500 documentation fee2. $3,000 escrow security that is refunded at loan payoff3. $50 wire feeAll 3 are financed into the loan, so it's requested loan amount + $4,550 = total principal of loan.Are all 3 tax expenses for this year if I get the loan this year?

—Subsection (a) of section 408, as21 amended by the preceding provisions of this Act, is amend22 ed by adding at the end the following new paragraph:23 ‘‘(8) No part of the trust funds will be invested24 in a corporation, partnership or other unincor25 porated enterprise, or trust or estate if—Pg. 6941 ‘‘(A) in the case of an entity with respect2 to which interests described in clause (i), (ii), or3 (iii) are not readily tradable on an securities4 market, 10 percent or more of—5 ‘‘(i) the combined voting power of all6 classes of stock entitled to vote or the total7 value of shares of all classes of stock of8 such corporation,9 ‘‘(ii) the capital interest or profits in10 terest of such partnership or enterprise, or11 ‘‘(iii) the beneficial interest of such12 trust or estate,13 is owned (directly or indirectly) or held by the14 individual on whose behalf the trust is main15 tained, or16 ‘‘(B) the individual on whose behalf the17 trust is maintained is an officer or director (or18 an individual having powers or responsibilities19 similar to officers or directors) of such corpora20 tion, partnership, or other unincorporated en21 terprise.22 For purposes of subparagraph (A), the constructive23 ownership rules of paragraphs (4) and (5) of section24 4975(e) shall apply, and any asset or interest heldPage 6951 by the trust shall be treated as held by the indi2 vidual described in such subparagraph.’’.

I’d love to help them, and make it a beneficial deal for us both.

Your concern is documenting this with proper authorities and let them investigate.

He had no other children and no living relatives that might contest either of these documents.