I don't know if the shape of the income distribution curve has changed or if it has stayed relatively proportional but simply translated higher.

I'm asking specifically because I am thinking about throwing a treadmill or elliptical machine in the living room if the person wants to exercise a little while they're there.The unit isn't huge (around 1k sq feet) and it will probably look tacky, but I was wondering if other people have found value in providing some simple exercise equipment, even if it seems out of place.Hi Brandon, exercise equipment can be a great differentiator, but I'd suggest a compact setup in a dedicated corner rather than dominating the living room.

The benefits are proportional to the depreciation basis (purchase price).

@Bo Wang NNN means that the tenant is responsible for their proportional share of common area taxes, insurance, utilities and repairs.In addition, the tenant should also be responsible for taxes, insurance, repairs and maintenance on their on unit. 

Also do you promise a fixed return or you just divide all yields and value increases in a certain proportion between you the developer and the investor?

I'll probably borrow from him for our next flip.Just keep the old rule in mind: you have 2 ears and 1 mouth... use them proportionally.

At any fixed valuation Cap Rate and NNN must be perfectly proportional. 

If the dwelling unit or common area are damaged or destroyed by fire or casualty to an extent that the dwelling unit is in material noncompliance with the rental agreement or with Section 5-12-070, the tenant may: (1) Immediately vacate the premises and notify the landlord in writing within 14 days thereafter of the tenant's intention to terminate the rental agreement, in which case the rental agreement terminates as of the date of the fire or casualty; or (2) If continued occupancy is lawful, vacate any part of the dwelling unit rendered unusable by the fire or casualty, in which case the tenant's liability for rent is reduced in proportion to the reduction in the fair rental value of the dwelling unit; or (3) If the tenant desires to continue the tenancy, and if the landlord has promised or begun work to repair the damage or destruction but fails to carry out the work to restore the dwelling unit or common area diligently and within a reasonable time, notify the landlord in writing within 14 days after the tenant becomes aware that the work is not being carried out diligently or within a reasonable time of the tenant's intention to terminate the rental agreement, in which case the rental agreement terminates as of the date of the fire or casualty.

We also target insurance money since the ROI is much higher than most REIs can offer.They range from many small to large jobs, time vested proportional to ROI.

Hello Don,thank you for the welcome :) New Zealand is a great place to invest in property as there is a good proportion of residents who like to rent instead of own.