Rental Property Due Diligence Checklist

Generate a due-diligence checklist for a rental acquisition: seller documents, inspections, financial checks, title and zoning items, with deadlines.

New Added

Use it when

Avoid surprises during the inspection/option period by requesting the right documents and inspections on day one.

Not for

Legal or title review itself. Use a real estate attorney and title company.

The prompt

Fill in the variables (optional)

Type below and the prompt updates. Anything you leave blank stays as a {{variable}} for you to fill in later. Nothing you type leaves your browser.

Type, age

Tenant status

Loan type

Days

Known issues

Prompt
Create a due-diligence checklist for this acquisition.

Property: {{property}}
Occupancy: {{occupancy}}
Financing: {{financing}}
Diligence period: {{period}}
Special concerns: {{concerns}}

Organize by: DOCUMENTS TO REQUEST FROM SELLER (rent roll, leases, deposits held, T-12, utility bills, service contracts, permits, insurance claims history, etc.) · PHYSICAL INSPECTIONS (general, sewer scope, roof, HVAC, pest, others relevant to age/type) · FINANCIAL VERIFICATION (estoppels, bank deposits vs. rent roll, tax bill, insurance quote) · LEGAL/TITLE/ZONING (title commitment, survey, zoning/rental registration, code violations, HOA docs and rental restrictions) · TENANT TRANSITION (deposit transfer, notices, keys).
For each item: Item | Why it matters | Who provides | Target day (Day 1 = contract acceptance).
End with the top 5 red flags that should trigger renegotiation or walking away.

Variables

VariableWhat to enterExample
{{property}}Type, agefourplex built 1972, each unit 2BR/1BA
{{occupancy}}Tenant status3 of 4 units leased; 1 vacant
{{financing}}Loan typeDSCR loan, 25% down
{{period}}Days15-day inspection period, 30-day close
{{concerns}}Known issuesgalvanized plumbing possible; seller self-manages

Example output

Illustrative output using the example values. Your results will vary by AI tool and inputs. All names and details are fictional.

DOCUMENTS TO REQUEST
| Item | Why | Who | Day |
|---|---|---|---|
| Rent roll + all leases | Verify income and terms | Seller | 1 |
| Security deposit ledger | Deposits transfer at closing | Seller | 1 |
| T-12 income/expenses | Validate NOI | Seller | 2 |
| Tenant estoppel certificates | Confirm rent, deposits, no side deals | Tenants via seller | 5 |
...
TOP RED FLAGS: rent roll doesn't match bank deposits; unpermitted unit work; sewer line failure...

Tips

Works in

Don't paste anything you're not allowed to share (SSNs, bank details, private tenant records) into an AI tool. Check your company's AI policy.

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