These provisions relate to rights the new owner (buyer) has and include restrictions upon the current owner until closing, per @Mike Cumbie (although the prohibitions are essentially meaningless -- either the title is clear and/or acceptable at settlement and t)here is a closing, or it isn't and there is a dispute).Oh, and the "lending partner's approval" contingency tells me the buyer is a wholesaler who may or may not find an end buyer for this property... so this could be a complete waste of time.

The friend with the money is essentially going to be in second position right?

NNN expenses for a tenant would include essentially everything on the interior of their space... lightbulbs, janitorial, HVAC contract, plumbing, etc.Feel free to reach out directly if you have any other questions.

Freddie/Fanny do not allow for LLC Financing so that's a non-issue for those types of traditional loans.Other types of loans might allow you to transfer out of your name and into the LLC but it needs to be on all the paperwork and contracts from the very beginning that shows both you and your designated entity. 

Essentially, this will ensure that your tenants are paying the same "amount" in rent as they have been the entire lease period.

The location had a restaurant before but the lease expired and the new tenant is essentially starting a new lease with me. 

That's why background checks at all rent levels are essential.

Can somebody tell me if I should accept the asking price and how to construct the paperwork? 

And either escrow the payments or have a solid paperwork trail. 

Your credit score will only be effected if you terminate your lease after you move-in and sign lease paperwork.