With 30% vacancy in the area, filling space could be a challenge.NNN leases are great for minimizing expenses, but how much control do you actually have?

This left the remaining roommate in a difficult situation, and he is now trying to find a new roommate.I have informed both tenants that they are equally bound to the 12-month lease agreement and that rent must be paid in full, regardless of one tenant moving out.

All of these assets are paid off.

Johnson county is expensive, nicer suburb.

This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.

I am trying to figure out what to do with this property and would love to hear your thoughts or ideas around this.The rent is below market but the apartments arent updated.Options:-We could keep the property and make the repairs, but would be at a loss for a couple years until rent covers expenses.

The cleanout is about 10-15 feet from the curb, but they had to snake 70 feet, suggesting a potential city sewer issue.The plumber mentioned that if I report this to the city, they will likely request a secondary cleanout closer to the curb, which I would have to install at my expense (a costly job).

They are really changing the shape of the city and it may become incredibly expensive to buy out there soon due to lack of housing.

i fyour getting paid off when the vertical loan goes on.. then your in first position . so not sure what the issue is? 

You will have to verify those yourselves to ensure you end up with correct operating expenses.Quote from @Andrew Newcomb: Just following up on this in case anyone is still following:I learned about "cap rate" and "cash on cash" metrics in the BP learning articles and watched a couple vids on the BP rental calculator showing how it calcs those metrics for a prop (you have to add the details like loan info, expenses, etc). very cool tool.