If that tenant ever goes out the second or third generation tenant might not be national but regional or local in nature and if NNN and taxes are really high above base rent you might have to go lower on rent to land the tenant.If this is a strip center with NNN leases then the leases typically state the tenants WILL ONLY cover their pro-rata share of property taxes,expenses,etc.Example if you had 6 tenants in a building and then 2 go out the other 4 tenants do not want to shoulder the expenses for (CAM) property taxes, maintenance, and management fees above their base rent for spaces they do not occupy and do not generate sales out of.What you do is check BEFORE while under LOI or PSA with a local tax attorney who challenges and appeals the property taxes to see what is the custom for after a sale.

I don't need an owner looking over my shoulder, second-guessing my decisions, or going around me and negotiating special deals with the tenant that I have to clean up later.

I'm starting on the larger side for a new investor but I've got a good head on my shoulders, a decent chuck of change I'm sitting on, and a good partner to help as well!

But sounds like you have a good head on your shoulders so you can weigh the risk vs reward vs team quality and such plenty fine. :)

Without even looking at the specifics of this deal I will tell you that unless you have an inside track on getting an undervalued and underpriced property I would not buy any deals right now UNLESS you have somebody very experienced looking over your shoulder and assisting you.

You won't learn everything there is to know about financing deals from working for a mortgage broker, but you'll be head and shoulders above most other people.

Guest sent a picture of his friend who woke up with some kind of bite on her shoulder (not consistent with bed bugs on google images). 

If you go the syndication route, you will not have to worry about personally arranging financing as that will be on the General Partners shoulders, and you will gain the exposure to Multifamily that you are looking for.

It sounds like you have a very good head on your shoulders at the ripe old age of 21yrs old.

Usually I'm around looking over their shoulder while they are doing it.