The smaller tenants and less sophisticated want gross or Net leases. if you get a bigger tenant, they can handle NNN leasing.You need to come up with a process that analyzes both USE and USER.

Things I learned in my first job that have continued to prove valuable today: underwriting, managerial accounting, private equity deal structures, what a side letter is, what investors want out of deals, what a K-1 is, why real estate is a valuable investment class, what asset allocation is, where to find tenants, what cam is, how to handle Capex items in sophisticated underwritings, loan docs and negotiating terms thereof, understanding a lease, what an estoppel is, what a phase one and phase two are, how to read a PCA, basics of land use and zoning...Oh and best of all, I got paid to learn all of this stuff.  

Lots of people are OK with that because a lot of times people buying in that 2 to 5 million dollar range are more "sophisticated" than someone buying their first home or investment property and they know their way around the deal and don't need guidance, they just want to get the deal.If you feel comfortable with the deal process and economics then I wouldnt worry about what the listing agent is going to earn but if you are worried about getting hosed, you probably should be and hire an agent to work on your behalf.

In order to be successful at it, I would advise developing your Core Four: investor friendly realtor, reliable contractor, sophisticated lender and a reputable property manager.

@Bill Brandt, I wonder how much of that increase was bought by what I would call sophisticated investors, and how much was driven by "people hearing that real estate is a good investment".

Luxurious finishes can give the feeling of comfort, sleek and modern finishes can give the feeling of efficiency and a simple design can give the feeling of sophistication.

Just minutes away you have Gulfstream Casino, the racetrack, and Aventura Shopping Mall.

Sophisticated investors look at the Rent-to-Value Ratio and look for at least 1% or more to be able to cashflow after expenses.

Now you have a lot more flexibility, at least for solo purchase and probably for moreThere are probably more sophisticated tools but I don’t know them :)Good luck

Are you planning to do BRRRR-nb near the casino’s?