My name is Renato.My colleague Arbi Goce specializes in commercial acquisition and disposition of triple net properties, especially 7-11's .

Sub preforming loans and non-preforming loans will require the most work.The disposition strategies are the same and have been the same for many moons.

Scott is almost an accountant, LOL, he's right to consider costs to dispose of an asset, while correct, your books do not reflect the cost to dispose of an asset until it is sold or disposed of.From an accounting aspect which is viewed by lenders or more technical types, within the first year of holding an asset it's the difference between the cost of the asset (together with costs of improvements or value added) or it's market value, which ever is less and the amount owed, less cost of disposition to it's salvage value or net equity.

Perhaps consider working this out t see what your return is over a 5-10 year hold including vacancy for upgrades and capital improvements over that time and then disposition.

If you're going to work for an commercial RE asset management firm, you most likely need to be prepared to do a multitude of different things other than just property management (ie, investment analysis, market analysis, marketing, acquisition/disposition, leasing) in addition to the day-to-day physical property management.

When digging into the NPN space, I think one of the mistakes or one of the ideas overlooked by the newbie investor is the cost of disposition from a capital funding perspective.When you buy an asset, you will have the purchase price plus the cost of your due diligence as a cost basis for the asset.

Also, your numbers seem extremely tight, and have apparently no holding costs, and perhaps low closing/disposition costs.

It also includes gains from the disposition of such property.

Any funds paid in connection with a convoluted sale contract become a down payment or earnest money, by law those can be refundable  when those types of deposits have not been properly defined, accounted for and applied with the disposition being agreed to. 

@Kathleen Wilcox be really cautious about offering a 5 year lease with option, Due on Sale Clause IssuesHere are the exemptionsd) Exemption of specified transfers or dispositions With respect to a real property loan secured by a lien on residential real property containing less than five dwelling units, including a lien on the stock allocated to a dwelling unit in a cooperative housing corporation, or on a residential manufactured home, a lender may not exercise its option pursuant to a due-on-sale clause upon—(1) the creation of a lien or other encumbrance subordinate to the lender’s security instrument which does not relate to a transfer of rights of occupancy in the property;(2) the creation of a purchase money security interest for household appliances;(3) a transfer by devise, descent, or operation of law on the death of a joint tenant or tenant by the entirety;(4) the granting of a leasehold interest of three years or less not containing an option to purchase;(5) a transfer to a relative resulting from the death of a borrower;(6) a transfer where the spouse or children of the borrower become an owner of the property;(7) a transfer resulting from a decree of a dissolution of marriage, legal separation agreement, or from an incidental property settlement agreement, by which the spouse of the borrower becomes an owner of the property;(8) a transfer into an inter vivos trust in which the borrower is and remains a beneficiary and which does not relate to a transfer of rights of occupancy in the property; or(9) any other transfer or disposition described in regulations prescribed by the Federal Home Loan Bank Board.