Expenses come in right at about 50%, including a Vacancy assumption.  

If this is a loan assumption deal you are not out of line to ask for a copy of the note and loan agreement.  

I think you may be incorrect in your assumption that everyone would love to refer their GC to an anonymous poster on this message board.

Assuming a loan IMO is a more difficult process than getting a new loan as servicing companies jest are not set up to do qualified assumptions. 

I've never seen a Rule of thumb.2 - Since I don't have an offer in, and this is (currently) just a thinking exercise, my assumption is at such low rent rates that yes it is NNN.3 - I have a call in to the city to see what kind of traffic survey information I can get from them. 

The assumption is that you don't have enough money on your own to take the deal down.

Thanks Aaron, I was under the assumption I needed to do the W-9 and 1099 if the Contractor is an LLC too.  

I have learned to not make assumptions or make decisions for someone else, the worst they can do is decline your low offer. 

Because, if you tell me the MLS, I'm going to have to ask you to post your assumptions about the deal. 

I would appreciate your feedback if I am missing anything, or am being too conservative w/ my assumptions.