The loan often has two components: (1) purchase and (2) renovation where the latter is usually funded through reimbursement.As an FYI, lenders usually require the property be non-owner occupied.

There is a cost component.

And they bring a lot of business experience that I would value, as there is an active component to the property that will need to be managed.   

I feel like I must be missing some key components in my analysis of the property. 

Some are glorified fee takers and any cash flow or equity return on the property is icing on the cake.I like it more when the fee is just a small component of the deal and the syndicator wins more when their passive investors do on the back end.

Components of Rent in a NNN Lease. 

That’s the lowest index level seen since December 2023.Looking closer at the components of the index, however, revealed that expectations for the next 6 months actually improved slightly.

Build up enough SFR’s in your portfolio and you’re destined to be replacing one or more of these components each year.

While this is true, I think most people forget there are two components to refinance.

One component for investors to consider is an exit strategy.