Next, have him walk you through the business model and test his assumptions.  

@Matt OwensRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

My assumption was a new investor to the net lease space wouldn't be jumping in to a grocery anchored center but you're absolutely right, you can spin down the tubes real quick if all of a sudden your anchor leaves and several of the tenants have the right to reduce rent or terminate the lease completely.

Making average assumptions, will vary from location to location but premise remains the same.Income: Each side of duplex rent $1500 total rent $3000 per month.  

Sure it's a little tongue-in-cheek but it's only because I had those same assumptions and scattered thoughts when I first started seriously considering RALs.

You're making very ambitious assumptions about appreciation, and if you're wrong this deal could go from bad to disaster quickly. 

@Saeed Jassani appears you are not only comparing two different markets, but probably also two different asset classes.Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

For my OOS rentals, they're either in places where I used to live, or where I have family... not random markets I picked solely because the median price is low and the made up cash flow based on rosy assumptions is high

My assumption is the owners did not wake up one day and this hit them square in the face.What’s the story?

Brown's assumption of this role is one of the root causes of her statement that it "could not be done in a few hours per week".