Again, $30k will need to be the minimal, especially if you are doing repairs however it would be best to pass those along to the buyer as part of the "great deal" in pricing.

Should I have just used the 70% rule and made a higher offer and minimized my profits to, say, 15,000?

If you are at all like most landlords, you dislike rent raises for fear of vacancies.To have the desired effect, raising rents requires a policy as carefully outlined as your rent collection policy, one calculated to minimize tenant dissatisfaction and resentment.

Your goal is not to minimize the profits of your lender, but to maximize your own and those of your investor.

He of course would need to check his tax basis with his tax attorney or accountant and this is just an example.There should actually be very minimal property management in the triple net lease arrangement due the tenant is taking care of the property for you in return for a piece of the deal..

My biggest fear is that I'm going to put my money into something I don't understand.In answer to Scott, for my FIRST property I'm looking for something that needs minimal repairs.

I don't work and find the minimal time spent handling the properties not a real "cost" to me.

It's quite cost effective for the minimal install but $30 a month seems excessive.

Saving - Maximum security, minimal reward.

Since I can't really go and look at the properties physically, how many comps could minimize the errors?