http://www.newsoftheworld.co.uk/news/150832/14-times-Olympic-gold-medal-winner-Michael-Phelps-caught-with-bong-cannabis-pipe.html U-S-A!

You can look at what similar buildings went for via the price per square, but it's true valuation stems from the NOI (Net operating income).If the gross rents are $3k monthly and the lease is a NNN, then your only expenses are accounting, legal, administartive, entity formation, and PM if you choose to use one.Assuming the total operating expenses come to 20%, your NOI= $28,800If the going cap rate in that area is 10%, then the value is $288,000If the going cap rate is 12%, then the value is $240,000.$3 per square NNN for industrial is pretty cheap, although I am not familiar with your area rates.

. $80k to $90k is well over 10%, which is where my question stemmed from.

I believe your statement stems from your personal bias in that you mke money setting these up for clients, correct?

@Eric TomlinThis requirement stems from your custodian, and not the IRS.

since i started real estate more of my success stems from this website than any other activity by a long shot.

My question stems from the idea if I was a new investors would I buy it.

I use best recommended practices for such data transfers, am covered by my insurance company for identity theft issues stemming from my practice and generally am very careful. 

The goal is to purchase properties to lease to cannabis companies.

What lawsuit would stem from this kind of deal and not your typical wholesale?