@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?

The prosperity of your partnerships will probably be proportional to the amount of thought you put into structuring the relationship, so don’t wing it.

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.

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.

Sure, but it’s unlikely that they’ll make near as much (proportionally) in the days to come as they’ve already made.

I personally think Mold is blown out of proportion in most areas. 

It will affect your credit, you'll show "available credit" as being higher, but the proportion of that being used as smaller (until you use it).It really comes down to DTI, though.