Quote from @Carl Rowles: We signed the lease on Black Friday.

I actually own a 20 year lease as I'm within 100 yards of the ocean. 

And the NNN leaves you only managing a long term lease rather than managing a property.And given your expertise, there's nothing wrong with a transition from farmer to landlord of the farmer. 

We started raising the rents on the 3 and 4 BR units until the rate of leasing slowed to a normal pace.Fast forward two years and we found ourselves with higher vacancy on those same units. 

They perhaps can build cheaper than you can, finance cheaper, operate cheaper and to get it leased up, offer things like 1-2-3 months free rent. 

When's the lease up?

Show the lease agreement, show his rent payment history, and show any written evidence from the tenant that he admits to being late/unpaid.

The market I’m interested in are residential rental and leasing, senior housing, and distressed properties/owners. 

This misunderstanding stemmed from incorrect lease terms indicating washer/dryer access when we did not actually have any washer or dryer set up.

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