Apartment investment checklist

Property: ____________________ Date: __________ Reviewer: ____________________

Use these prompts to organize evidence and open questions. A checked box does not certify a property, legal conclusion, investment outcome, or financing approval.

Income and tenancy

• ☐ Reconcile rent roll, leases, concessions, deposits, and actual collections.
• ☐ Document lawful rent, tenancy history, restrictions, and required professional review.
• ☐ Separate in-place income from future scenarios and list the steps each scenario requires.

Building and operating costs

• ☐ Review legal use, title, available records, permits, and unresolved issues.
• ☐ Obtain relevant physical assessments and scope deferred or capital work.
• ☐ Estimate taxes, insurance, utilities, management, repairs, and reserve funding for the proposed ownership.

Financing and downside cases

• ☐ Compare rate structure, debt service, maturity, fees, reserves, and repayment obligations.
• ☐ Reconcile NOI, cash after debt, capital allocations, and initial cash invested.
• ☐ Stress lower collections, higher costs, larger repairs, and refinancing needs.

Management and next steps

• ☐ Assign leasing, repairs, urgent coverage, reporting, and record responsibilities.
• ☐ Verify the manager’s required credentials, contract, fees, and controls over funds.
• ☐ Compare holding and exit assumptions, including costs, tenant obligations, and tax review.

Open question, responsible person, and decision date

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Sources reviewed November 5, 2026. Return to the investor learning center.