Every area is different when it comes to transfer taxes, stamps, recording fees etc.Only negotiable items would commissions on the buy side and lenders fees but those all depend on your strength as a borrower, size of property, market demand etc.  

Knowing strengths and weakness' is all it takes.

As your reflect on your strengths, passions, and vision for the next few years in real estate it will help you match the growth plan you use in real estate to your style of biz.I hope this is useful to you,Will

I’ll just add, there are a good number of different retail NNN investment options out there and they each have strengths and weaknesses.  

I've considered going straight into commercial real estate because of this strength and my corporate background. 

Knowing each of their strengths and weaknesses will really go a long way understanding a deal and when speaking with more sophisticated investors.

Other criteria come into play regarding any type of commercial/MF loan in the strength of the sponsor, either financial and/or management experience.

Once you really get out there and start putting plans in motion you'll come face to face with your strengths and weaknesses.

Bottom line up front:I'm starting out and wearing 90% of the 'hats" in my company and I know I need to narrow down my strengths and weaknesses.

Get to know a lot of sponsors through conferences etc.Ask sponsors about a deal that you are considering, obviously not one of their own deals.Ask them what the strengths and weaknesses of the deal are.Get an FAQ list and ask the sponsors of a deal you are thinking of being a passive investor in, ask all the questions until you feel comfortable.