Estoppels signed by each tenant before closing can take place.

Address how deposits will be transferred.

Review of Property Management agreements and rental agreements.

Review of all maintenance records.

Also, property owner if they have professional management needs to authorize in writing for PM co to cooperate with any documentation and access to the property within reason.

Property managers either will bend over backwards trying to keep the account or they'll be very uncooperative.

Get them under control at the beginning.

I'd need to see the existing rental agreements to comment on the future status of the tenants, if they are tenant at will....

Ask for the rent rolls,  leases, security deposit info.

Your MF P&S agreements and/or addenda should have that covered for you.

Our boilerplate requires the seller to turn over copies of quite a bit of paperwork - copies of leases, 2 years of rent rolls, P&L, all service/vender agreements/contracts, all accounting, move in move out check lists etc etc and the sale is subject to the buyer's review and approval of all the above.

Check with your MLS or Designated Broker.

Hard to say, as one would need to kow what the existing lease terms say.

copies of leases from owner, security deposits.

The Code Of Ethics addresses the issues of protecting the best interest of the client (Article 1) and Providing clients with competent services within a Realtors® professional scope (Article 11).   If you have to ask this question, I think you need to refer that client out and accept a referral fee.  

Candice A. Donofrio gave you the definitive answer.  Good luck to you with this purchase. A

copies of leases, verification of rent payments for last 3 months, estoppel leters from all tenants,  security deposit information, income and expense statement for the pevious 12 months and list of personal property to convey!

You have a lot of good answers here but I really think Candice A. Donofrio covers it well. 

Great Question.  I believe Candice A. Donofrio covered the Answer very well!

You need to see the leases and to learn about any collection issues.

Make sure that security deposits are transferred at closing. Also reserve funds are typical for leasing compoanies and you want those to.

The rent rolls and existing cap rate should already be disclosed as well as the expiration of the leases.  Maintenance records should be available before even writing the offer.  I'd stipulate in the contract that security deposits need to transfer with the title of the property (should already be in the purchase contract, but never hurts to re-state it) and that the seller shall cooperate with the new owner by notifying the tenants of the sale and where to direct all new rents and should forward any misdirected rents.

Tenants would like to stay. Rental history records including lease agreement are to be provided after acceptance of the offer.

Complete rental history. For a more detailed answer Candice A. Donofrio has got it going on. #LunasLight

All of the current leases and financials are imperaitive. The utilities breakdown is a must along with management expenses and fees. Not all people are cut out to be landlords so be sure they know what they're getting in for with age of the roof, appliances and mechanical systems along with permits, plumbing & electrial systems inspected. It's all fun & games until repairs start slapping you in the face. Good luck Sara! 

I would ask for all leases, deposits and rent receipts.  Also the ability to see or inspect all  units.

Do your due diligence, examine the leases, applications, inventory, and financials.

We also have a state form that goes with the offer on these.  Best to consult with or partner with an agent in your firm who is experienced in these matters.

Leases may not mean much, I would ask for Schedule E, or 8825 - which ever matches the vesting of the subject property. Name, email and phone numbers of tenants. Access to all units with cooperation. vendor agreements, deposits, and perhaps more

Proof of rent and deposits paid plus supporting evidence is a good start. There is a gold-mine of data to be had when the units are inspected by talking with the tenants. Since all repairs are deductible and the IRS requires you keep hard-supporting back-up I would want copies of all work done or claimed...There is more to know but you will learn as you put this together

 I wouldn't make an offer until buyer knows exactly what they're purchasing.  We would want to see rent roll, existing leases, operating expenes  (taxes, insurance, water, utilities)

Candice A. Donofrio is giving you great information Sara.....

You would need to review lease agreements and have these transferred along with the security deposit to your buyer at closing.  In Oregon, you can no longer evict for no cause, so your buyer would have to be willing to take the existing tenants, assuming there are no for-cause eviction issues.

Candice A. Donofrio provided you with the answers I'd be echoing.

Estoppel from each tenant. 

Some sellers lie.

Some listing agents don't want to know the truth.

The estoppel statement will shed light on the lies.

Yes, tenant estopel letter signed by landlord -seller and tenant for each unit.

Candice has you covered.

Copy of all leases.

 Sara, I think you need to seek guidance from your broker rather that gather information from across the nation.

my best advice is if this is your first time then get your broker to assist.  You want everything in that should be and markets are different and states are different with different best practices.

Too many variables many of which a real estate agent is not entitled to know.

So, my advise is "Let the attorneys handle it."

Try on https://www.addressofchoice.com

Check all maintenance records

Check property management agreements and rental agreements

Copies of leases, verification of rent payments for last 3 months maybe needed

A laundry list.  I would consult with your broker to ensure you have all bases covered. 

I would include a request for rental contracts/leases. Actual bills for expenses and a list of currentpayments to see if anyone was behind or in eviction

Rental history.

To abide by local landlord tenant ordinances...