Markets are relatively efficient and the strong cashflow days were 5+ years ago.

We can transmit electricity reasonably efficiently, and then we can transport actual material (ie: water or natural gas) reasonably efficiently. 

That really is the only way to have an efficient professional partnership - total open communication whether the conversation is pleasant or sour. 

I would say I have the experience, market knowledge and team to do this efficiently.

While this is less tax efficient, it would be less work / less stress.

Additionally, it’s helpful to educate tenants on ways to conserve utilities, such as using energy-efficient habits.

One of the most efficient ways of doing that is apartment buildings, most of which would likely be rentals.

(you know all the things we using in running effective and efficient private companies) it would be a different story. 

Your attorney or CPA should be able to create tax efficient structure for you.To avoid this, keep management and decision-making localized to Alabama, and consult a CPA or attorney to ensure compliance with both states' regulations.This post does not create a CPA-Client relationship.

I have been receiving listing from brokers offering cap rates of 3-7% in almost all 50 states, for different lease terms and guarantors.I am trying to analyze those deals in an efficient manner - weeding many deals or brochures early on, and understanding the out of state location well.Because the cap rates are all over the place (based on tenant, location and lease term), I struggle to understand if a property is fairly priced, as it is not easy to come up with a "general" cap rate to apply to each NOI.Does anyone have resources (books, podcasts, blogs) that they can share that gives pointers when analyzing NNN properties?