Thanks in advance,Cam

I would say keep your ears and eyes open to everything revolving around your dad's business.

Different locations have different costs "just to break ground" that revolve around time, permits, utilities, etc.  

For me, I needed more of the revolving line of credit and wasn't in a hurry to use it, so I went with the HELOC instead of a home equity loan.The nice part about getting the HELOC as well, was that my DTI was just good enough to secure the line of credit (which did not affect my DTI) and then purchase a new primary residence, and rented out the one I just got the line of credit on immediately after moving.

The down side is you could have a revolving door at the front of the property and a high vacancy rate.Understand (look at) what the current agreement between the current owner and tenants says prior to moving forward. 

Many of these bad situations are just a revolving door and honestly, I don't want to play a role in passing a bad situation on to someone else. 

Hey @Cam Jimmy, sure.

@Cam Jimmy It sounds like a good location.

Still, if it works for you, go for it.Your credit will improve as you pay down your revolving debts.You may find that equity, while "nice", doesn't pay the bills.

In a NNN lease, it includes taxes, insurance, and common area maintenance (CAM) charges.