Verify income, expense out-of-state deal

General Real Estate Investing
1

Many times they will attach income/expense/rent roll on the internet. But does these information actual and accurate, who knows?

How do one go about getting the actual figures if you’re out-of-state so you can value the property accurately?

What documents should I ask for rent roll, schedule-E etc. that seller will not be offensive?

Thanks

2

When obtaining a investment loan the underwriter will offset your debt to income ratio by taking the expected fair market rent and subtracting 25% for all expenses. You should be able to do better then that. If you want to know the fair market rent look in the local paper to compare comparables. Or you can pay an appraiser for the info.