For 2024, the annual gift tax exclusion is $18,000 per recipient (rising to $19,000 in 2025), and amounts above this require filing a gift tax return (Form 709).

I'm interested in learning more about owner financed deals, utilizing HELOC's, and the ongoing demands and requirements of being a good landlord/property owner. 

This figure includes allowances for heat, electric and any other utility that the tenat is required to pay and this is deducted from the FMR. 

You'll need more capital and most will require a personal guarantee and personal financial backing. 

@John Jacobs I require my borrowers to have policies that cover replacement cost. 

I do not think enough coverage is going to the people who are fighting this fight -that job is tough and a big uphill battle to fight these fires. 

(larger would require fire sprinklers). 

And, yes, inspection deficiencies can hurt your valuation because once they are disclosed, you are required to disclose those to future buyers. 

Quote from @Paul Gupta: Hi, in California, For jobs requiring a license, there was CSLB (contractor state licensing board) which would give either a General Contractor license, or specialty licenses by trade (~60 specialties such as concrete, welding tile, ) https://www.cslb.ca.gov/about_us/library/licensing_classific...My Q: does Maryland and DC area have similar requirements? 

I do know that DG salaries are kept really, really low at the store level....so any sort of tenant responsible facilities support for a NNN lease would be either outsourced or taken care of by someone over an area.What I mean by that is given the low wage of their employees (lower paid employees are HARD on facilities because they don't respect the job or the property), and the minimal/slow to respond regional facilities support means your building might get unnecessarily and prematurely worn.This is all speculation, but given your fairly low cap rate I'd advise a relook.