This is why you need a good CPA that can advise you on not only how to save money on taxes  this year but also how to avoid being blindsided in later years.

It was a frustrating purchase process, and he felt blindsided by abnormal fees and such, but with conservative numbers, I think he still made it work.  

And if its a clean record it does not means this can change in the future which can blind side you where won't expect so try keeping in contact with each tenet on how well their doing.

Any major "gotchas" in NNN that can blindside a new investor? 

It really makes you feel like an idiot when you get blindsided by these kind of people.

It is hard when you think you don't have to worry about filling a property and then you are blind-sided with this kind of thing. 

This way if it does come up, the principal isn't blind sided and can quickly squash any haters.  

This just gives them a head's up so they will not be blind-sided when they get their statement. 

I would want to see a downtrend way in advance to go ahead and get feelers out to lease the space than being blindsided with rent reduction request etc.If they request something not required of the landlord in the lease the landlord can also request back in return to modify items they do not like.

It seems wise to me to do that to try and minimize (as much as possible) any surprises that may blindside us in the near or far future.