I feel like I must be missing some key components in my analysis of the property. 

I’ve worked with developers in the past that were set on the building they wanted only to discover that it wasn’t feasible from a building code and zoning standpoint.

Some are glorified fee takers and any cash flow or equity return on the property is icing on the cake.I like it more when the fee is just a small component of the deal and the syndicator wins more when their passive investors do on the back end.

However, as I learn more about commercial loans, I’m discovering that lenders will require experience with similar types of investments, as well as net worth and liquidity requirements.

Apparently, James walked over to measure the noise level and discovered Steve’s door was cracked open.

Components of Rent in a NNN Lease. 

That’s the lowest index level seen since December 2023.Looking closer at the components of the index, however, revealed that expectations for the next 6 months actually improved slightly.

Build up enough SFR’s in your portfolio and you’re destined to be replacing one or more of these components each year.

In spite of all that work we discovered that the hot water heater didn't work (they didn't bother to replace a $300 water heater that their initial 4 point inspection stated was original to the house (1983).  

While this is true, I think most people forget there are two components to refinance.