I am also involved with buying retail homes because of my company owning a lot of inventory in a low inventory market.My question today revolves around organization and follow up.

This is because most HELOCs are revolving (meaning you can keep taking money out after you've paid it back) and the a lot of them have interest only payments or payments with minimal principal repayment each month.  

Thank you, Cam Hua

nor are they retail centers with CAM charges back to the tenant.

From a numbers perspective it seems like a winner:16Sq Ft Price4500Sq Ftge $72,000.00 Revenue $(7,200.00)Vacancy Allowance (10%) $64,800.00 Gross Revenue $(900.00)Trash $(1,500.00)Water $(3,600.00)CAM $(10,000.00)Misc $48,800.00 NOI $435,000.00 Cost $(43,500.00)Down Payment $391,500.00 Loan Amount $23,490.00 Interest Only (6%) $25,310.00 Cash Flow11.22%Cap Rate58.18%Cash on CashI added $10,000 year in miscellaneous expenses and hit it for a 10% vacancy allowance.

Great job, Cam!

I also hope someone cam help me with my decision on purchasing that entry level package.

If that tenant ever goes out the second or third generation tenant might not be national but regional or local in nature and if NNN and taxes are really high above base rent you might have to go lower on rent to land the tenant.If this is a strip center with NNN leases then the leases typically state the tenants WILL ONLY cover their pro-rata share of property taxes,expenses,etc.Example if you had 6 tenants in a building and then 2 go out the other 4 tenants do not want to shoulder the expenses for (CAM) property taxes, maintenance, and management fees above their base rent for spaces they do not occupy and do not generate sales out of.What you do is check BEFORE while under LOI or PSA with a local tax attorney who challenges and appeals the property taxes to see what is the custom for after a sale.

I have opinions on what I may do and questions about your opinions.These questions revolve around mailers. 

And it's revolving debt, so you can pay it back ASAP and then draw on it again.Cash out refinances are for long term debt.