TRUE triple net you do not do anything but collect the check.You need to watch out for int he lease agreements who is responsible for roof,structure,parking lot,and utility lines.You also need to know if these NNN tenants are mom and pop or corporate.You also need to know the vintage date for the leases and what each tenants sales are running per sq ft yearly compared to their current rent rate.It could be their leases are coming up to reset or they have secretly told the current landlord they are fixing to default unless they lower the rent or move.Bottom line is you could benefit from a professional who works in the commercial arena and does commercial deals all the time.For instance I specifically do retail,NNN,and multifamily.These are my areas of expertise where I help people nationwide.Hotel,Office,Industrial,etc. is not what I focus on.It's really hard to get sellers to take less of a price upfront.Better with negotiating is to get them under due diligence and they do not want to start over and then disprove their numbers and bring them down to reality.Of course if they have many,many buyers wanting to purchase with multiple offers then they have the strength if each buyer is equal.

@John Stoeber Every single sub-market has a different cap rate (not trying to be difficult, telling you the truth) that varies by property type, vintage, capex, etc. 

It's important to have this established first to help narrow your focus Example:Purchase PriceUnit CountType of Investment (value add, etc)Vintage*These are just a few, but it's up to the investor to determine what's most important to them. 

My goal is to get into apartment buildings and have enough passive income to replace my current job, to spend more time with my family, and to build vintage vehicles.

Nightlife and Culture: Between the vintage shops, Cuban cigar stores, and nightclubs, it's both trendy and cultural.Potential for Growth: As more young professionals and businesses enter the area, there's potential for real estate appreciation.Seminole Heights:Hipster Heaven: This area is all about vintage vibes.

Makes me wonder why it has set so long because overall it is a very nice looking old vintage property with alot of updates.

When I work with clients or buy for myself I am looking at the vintage (age) of the building and what I know is typically wrong and the risks with that type of building.

Hey Steven,We currently have an Airstream (vintage trailer) on our property that we Airbnb.

Most of the time, this little faux pas will not hurt anyone but if a problem develops, it will be a bigger mess than it needs to be. 

@Chandra Sekhar I haven't seen this listing, but I can guarantee you that the actual expenses to run a property like this one are likely to be higher This is probably a vintage building from the 20's and 30's would be my guess.