If you go 35% down on triple net single tenant the loans are underwritten differently so still might have some recourse as cap rates tend to be lower and spread is smaller versus the interest rate.    

You have to take emotion out of it and remove the roadblocks to close the deal where it works for both parties.I do triple net and multifamily nationwide.

This is the time to double and triple-check your calculations because even a single mistake can be financially devastating.

positive cash flow investment and almost tripled in appreciation in the handfull of years since I bought it Lessons learned?

Although other states have cheaper properties the fact that they donate appreciate and have triple the cost in taxes and double insurance has prevented entrance.We should meet up!

They are better suited for single-tenant industrial, class-A multifamily and class-A office or triple-net deals.  

In my local area we have a ton of triple deckers and I would say about 85% of them still have these bulky very non energy efficient natural gas space heaters that are used to heat the entire apartment.

But they are real estate professionals, many with formal research and investigation backgrounds and all with million-dollar pockets, and casual here-today-gone-tomorrow looky-lookies are not going to compete successfully with them.The best advice I've ever heard about spending money at the auction went something like this: if you can't afford to drop the money you've budgeted to spend at the auction in a pile on the sidewalk and burn it right there, if your business model can't survive that, don't bid.Again, I would say a real estate auction is a great place to learn a lot about real estate by studying and watching, but it's not a place to learn by trial-and-error.Best of luck to you.Out west we would bring 2 to 5 million in cashiers checks to the sale on any particular day.. that's what you needed to be a for real foreclosure investor.. in CA double or triple that.. its exactly as you state.. its a big money game.. now I have bid in PA and Ohio as well as IN  little more complicated.. but for us the price points are so low.. as to be very small risk if we mess up.out west you hand a 500k check over .. and one it aint coming back if you messed up..

I think you will find that the Blackstones of the world are buying triple net leases and class A real estate that is newer and needs less maintenance.

You can also look into purchasing commercial properties that are triple or double net.