What questions/information gather from broker before LOI?
Assuming the broker sends you a rent roll with basic info on the multi family property for sale, what type of specific information do you request before putting in an offer?

Profit and loss statements?
Tax statements?
Unit photos?
Survey?


What helps you best for analysis and getting feel for the deal?
[{"id": "h92s1n7", "text": "1. Copies of fully executed leases.\n2. Condition of roof, date of last install, date of all repairs, type of roof (material).\n3. Condition of HVAC system, date of last install, date of all repairs.\n4. Condition of all mechanical systems.\n5. Rent roll with current terms and options.\n6. Plat and floor plan(s).\n7. Any easements.\n8. Confirm property tax records.\n9. PL, balance sheet, tax returns for last three years.", "replies": [{"id": "h92sfu4", "text": "Isn\u2019t this all info you\u2019d dig through during DD?", "replies": [{"id": "h93pgo8", "text": "It sure as hell is. Unless it\u2019s on-market, god help the  the lovely buyers that need this to put in an offer \ud83d\udc80", "replies": [], "depth": 3}, {"id": "h976t25", "text": "How can a Buyer submit an LOI without this information?  The majority of information is required to determine the value of a property.  Are you going to pay the same price if the mechanical systems are 20 years old?  What about a 15 year old roof?  Rent roll is key along with terms of existing leases.\n\nAll key elements in evaluating a sales price (which is listed in the LOI) by the Buyer.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "h92vxw4", "text": "what size?  that answer to this kind of starts to change if you are talking a 6 unit or a 600 unit", "replies": [{"id": "h930e4r", "text": "6-30 units", "replies": [{"id": "h931kfn", "text": "in my market that typically be a site visit, last year and ytd or trailing 12 income statement, proforma, rent roll, and some general maint info (ie whatever the answer is to: \"Tell me about the condition of the building\").\n\nAnything more than that and it just gets annoying for the seller/broker.  A lot of buyers don't even LOI those tbh, they just send a contract.\n\nThose things go fast, get your offer in and deal with everything else in DD.", "replies": [{"id": "h939cu4", "text": "Thanks!!! Great info", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}]