This doesn't make sense.In NNN the leases are highly defined with primary term periods and then OPTIONS.

Playing up the fast and easy aspects are the only real play you have.Did this particular person indicate that these friends and family live in the same area?

I have roughly 5 years of formal work experience with different aspects of default real estate, although most of it is with paralegal style work, as I was at a default-based law firm and now am working at a bank in different servicing aspects of foreclosure (residential).Investing in default properties has always interested me, so I may begin there, but I'm here at BP to learn as much as possible to make my first deal a successful one.

Will of course ensure that this and other aspects like lawn cutting etc are included as tenant responsibilities in the rental agreement.

I can't help but notice that the one city that needs help in all aspects, Detroit, didn't make the list.

Any hammer banger can get the bricks and sticks aspects, you better be able to deal with one tenant before dealing with 20, 40, 80 or 200 or even 2,000!

A few things to consider:Will adding a fourth unit negatively impact the parking, or other property aspects for the existing three tenants?

I try to be memorable by playing up the "I'll buy any POS if the numbers work" aspect

I will certainly calculate that LTV, as I hadn't been considering that aspect.

Based on the new Dodd Frank rules effective January 10th, a sale is defined as a "Flip Transaction" is the new price is at least 10% higher than the previous sales price and deed has transferred within the last 90 days, OR if the new price is at least 20% higher and the deed has transferred within 91-180 days.