I'm a bit worried that the tenants wouldn't care that much (like to avoid draining grease and oil, which is pretty typical when cooking).

A good eye should be able to see areas that could be improved or areas of mismanagement (like housekeeping spending way too much or F&B walking off with your food cost budget (if full service).In a high demand and profitable area, they will go so fast! 

However, it IS some food for thought.Jim Kennedy

Trying to "call" Cook County is like trying to call the White House!

You are 100% spot on. 2 things that can't fail.... food and housing. 

Management Fees (NNN should cover but always confirm) - 3%-6%Less: Yearly accounting and Legal fees - ours are around 2-3kLess: Asset management fees ( we allow for this because we need to make sure the property is looked after for our passive investors- food for thought) - .5%-2%Less: Structural Reserve (yes sometimes this is in the NNN but I don't expect that the tenants are going to reinvest as much into the building long term as I would expect, as well at the end of their lease you can expect that they won't want to cough out anymore than they need to.

Just food for thought.

(car/health insurance, gas, food, medical bills, clothes, housingetc, )FICO: ExcellentCredit Issues: NoneAdditional Details: Theapplicant's income is recent since she just started her business in2021.

When we did student rent by the room rentals we would give each person a nice but  inexpensive (to us) gift box full of college food and items. 

The short story is - yes, you can buy multiple properties, but there're many rules to follow.Once @Dave Foster, our resident 1031 guru and a Qualified Intermediary, awakens from his holiday-induced food coma, he will give you more 1031 information than you care to digest.