And dont get me started with gas meter upgrade requirements if its near a source of ignition or under an operable window.

It is time for us to modernize our practices.We are a fairly basic operator/developer with a few 3-4 unit buildings.

With NNN there is no reduction from operating expenses so monthly NNN x12 should equal NOI. 

Anyone who has actually been active in this space will know that borrower behavior can be predictable and irrational, and they might have a fundamentally different mode of operating their life than you do.

- How would one run the numbers on a mid term rental when it comes to startup costs, rental rates, and operating costs?

Then you invest that money in a super secure, no risk note with an operator who is already underwater on their original note.

On top of that, you’ll want to budget for ongoing expenses like property taxes, insurance, operational costs (such as utilities and property management), and maintenance.

Whether gained through paid mentorship or an organic relationship, success always leaves clues.

I can give you insight to their operation

They are also getting a seller's concession which will keep their acquisition costs down.The deal will cashflow from day 1 after debt service and ALL operating expenses.