These tenants are so big that obviously you aren't going to get a personal guarantee out of them, but they're also such a safe bet that it's not seen as a big deal.In the smaller range of 3-5 year leases and small businesses, you don't see a lot of NNN, and you see more personal guarantees for the first term of the lease.

The properties we buy are entirely turnkey and around the 40-65K range.

I would say it is doubly important for this price range (ARV is a half million!).  

They also always call from the same number range so most people are fine just opening the lock app and letting them in without video.

Private lending is all over the map - could range from nearly being a bank underwrite to literally a handshake with your cousin Jim Bob.

Quote from @Akmal Normuratov: @Chris Seveney got it thanks You could get rates in the 9-10.5% range if you have a good credit score. 

Also rental rates are dropping, and we are already seeing rental loan rates in the 5% range, I would expect to see rental rates under 5% by January.If you are going to be a real estate investor for the long term, why don't have your Real Estate License?

(130-150k range). ( I do not live in NY so primary residence loans would not apply).

@Anthony Swain @Brandon Croucier  Found a Five unit in my price range and the numbers work which is really hard to find in the area.

Depending on your area and price range I would suggest getting into a Multifamily 2-4 unit first if possible.