I would always do my own research/analysis.Again, that's just how I do things...

Travis, I've done a lot of research and talking with mortgage companies regarding mortgaging small amounts like what you have done here and I'd say you did pretty good - probably about the best that can be done with traditional financing for such a small amount (relative to the amount financed for average home mortgages).

Ive been doing a lot of research last few months but basically very inexperienced.

I would offer 49K then take it from there and justifying that offer with facts like comps and research.

Again, you may need to pay a fee for their research, etc.

Yes Tony a TRUE Triple Net the landlord will not pay those costs.Lately net lease companies especially credit rated tenants have been more demanding in trying to get the landlord to cover some costs.It is very important to look at the length of the lease and terms and escalations.With inflation if the rent increases every 5 years is marginal and they want you to take care of certain items with the property it can drastically reduce your returns.It's all about what returns you are seeking versus the security and consistency of the payment.Generally triple net will hover around the 6 to 9 CAP range but will not approach the teens in most situations.For those kind of returns you have to usually chase after value add deals but they are much more work than mail box money from a credit tenant.Credit tenants have risk which is why you also research heavily the health of the tenant today you are acquiring the lease and their growth plans for the future along with reserves.

If your friend is not interested in doing hands on stuff, I'd research top investors like Ken McElroy on multifamily (MF) properties, or Dave Reynolds and Frank Rolfe on Mobile Home Parks (MHP) and talk to them about doing some silent partner projects.

I have been researching the web for about a month now on how to begin investing in real estate.

Heck, right now it's midnight, which the only time I have to do research and learn more about this industry.

Did the research and went to the monthly sale in McAllen, TX.