Too many new investors blindly copy due diligence checklists from the internet, assign equal importance to each item and blow up deals over nothing.

This is because the law says you can only depreciate items that wear down over time (i.e., the building and not the land).

There is an opportunity to acquire a medical building ( owner is MD who sold business to a Hugo MSO two years ago and still working part time ) at 8 cap NNN lease.

Megan, Not sure if I can help you exactly, but a few items that might help: 1) As you are out having conversations with potential private money lenders, you can start the conversation about "Did you know you can use IRA, or old employer 401k funds to make private money loans, secured by real estate?"

Below are some items I’ve seen in teaming agreements.Ownership Interest: Clearly define the percentage of ownership each party has in the property.

What does your lease state?

I'm concerned with how to enforce any rules now that he's trying to skirt the lease.

Don't worry about what the leases are today.

., 1.2%" and adjust based on big ticket items like property tax.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.