In theory you could also recover 1/6th of the CAM costs, too, but in my very limited experience with mixed use, the first floor commercial could very well push back on that, since they very well may not be utilizing almost any of the common area, depending on building layout.CAM would come from any number of places, commonly:Cleaning and utilities for any common lobby.Window cleaning for the buildingParking lot maintenanceLandscapingCommon HVAC maintenance, i.e. if a single furnace heats multiple spacesUltimately, you will want to be talking with either a commercial leasing agent or an attorney that specializes on commercial leases.One thing to note, while NNN leases are generally great, there is certainly work for you on a semi consistent basis, in creating the monthly escrow amounts and annual reconciliation.  

This is an all-too-common mistake: a rental sits vacant, less-than-desirable tenants are approved, and then those tenants don't pay and cause issues.You have to rip the bandaid off and ask them to leave.This may sound harsh, but it's not entirely the tenant's fault.

I'm getting ready to tackle my very first BRRRR and I wanted to see if the community could share some common mistakes to avoid?

@Edward Moore Golf carts are incredibly common in the Destin to Panama City Beach market. 

Quote from @Ted Davis: Software is a common question on BiggerPockets.

But there are a lot of "main GPs" that either don't know there was scrutiny or figure since there seemed to be no major action, the SEC blessed the relationship (but didn't change the rules, so who knows when it will rear its head again).Enter the "Fund of Fund" model, which is more commonly truly a feeder Fund.

In my experience, when you rent by the room with shared common spaces, you end up with lower quality tenants and higher vacancy in the long run.

Hi Mary, not sure on Texas rules, I’m a HI lender and a second is very common with the assumables.

It's fairly common something has to give in this, we don't usually get all 3 to be ideal.

Unlike some people, I believe HOA is good costodian often finances, get volume discounts, do the effort of hiring contractors and maintain common space so in that regard I consider them a value.