Carefully look how long the lease is for, the strength of the operator, if the lease has recourse (personally liable), and if convenient - - watch and see if the business is busy.One of the main risks for a NNN property is what happens after the business goes out of business. 

Auction dot com has been one of my main sources for finding good deals. 

Everything else has to be refreshed : Floors (carpeted, heavily spoiled and cat urine odor) Ceilings dry-wallWalls dry-wallElectrical is out of date (knot and tube all over, electrical panel needs replacement) Risks: Sanitization (cat urine smell, potential for pest problems)Structural integrity not checked (unable to check in a timely fashion due to deadline)Evidence of water damage on main floor ceiling, extent of damages unknownNo smell of mold in basement but knowing the city history of flooding, this is uncertainPlumbing looks recent but it was hard to be absolutely sure of this assertionThe reason I decided against in the end : too many unknowns.

That last part is the main reason I no longer represent myself on my own deals.

Info On Property:- $260k- 10 Acres, wooded lot/old growth w/pines, mostly flat, dirt road access, in between two devolved lots- Just over a mile from a classic Maine beach, in a beautiful coastal area close to many beaches and Portland, ME- HOA allows 1 dwelling, no subdivisions.- Neaby homes sell for around  $600k, and towards $1M- Property on the market for over a yearQuestions:What’s a good way to organize thoughts on a deal that goes from wooded lot to selling the home?

Hello BiggerPockets I will be moving to Maine (Portland Area) at the end of this year.

@Jay Helms I stand up during the members part of our monthly in-person REIA meetings, and announce that I'm happy to talk to, or have coffee with, anyone who wants to talk about real estate.And then, because of that and the fact that some folks recognize me from posting on BP, I usually have a ton of people come up to me during the break and after the main meeting.To be honest, it's exhausting, and sometimes I head to the bathroom just to hide for a few minutes before I can deal with The Crowd.

My main concern, as this will be out of state, is to not get ripped off by contractors and understand what needs to be rehabbed in order to improve the value and how to even estimate ARV accurately.

This property stood out to me mainly because of the purchase vs rent ratio.

I have built a website tested one fb campaign that didn't have much success mainly because I was learning how to use it for the first time and have no idea what I am doing except for watching YouTube University - (I did not advertise as thoroughly as I should have with updating all the fb page info also) and have posted on craigslist and received one call from a non motivated seller looking to just get an evaluation of his property's worth.