I feel like we all go through your exact scenario when we discover real estate. 

It's just not part of the cap rate formula.Mortgage insurance is generally considered to be a component of debt service, and not an operating expense. 

I just discovered the War Room and think I’m going to jump on it - I think it could be what pushes me to that next level in my investing. 

Hi folksI am dealing with a problem where my Metro Service charge component of property tax shot up to almost a grand per year.

Discovered bigger pockets a few months ago and I'm learning a ton.

We like to target 7-8Cap Deals, and when other investors end up discovering those cashflow cities, we have been luckily rewarded, however not dependant on that since the cashflow there is solid.

@Ray Martinez if your business contains a real estate component then you can exchange the portion of the sale allocated to the real estate for new investment real estate. 

You don't want a hole in your roof or wall if they take out a 3 year old HVAC system; grills, drive up fixtures, tear up the floors taking out fixed tables, etc.Contract period/renewal/rate escalation-   another component for you to check or ask about.Triple NNN- being new, you might make sure you understand this concept and understand what is or isn't covered. 

I added some general property maintenance obligations,  such as keep and maintain the exterior of the dwelling, garage, all out buildings and component parts thereof clean and free of all foreign objects and substances, keep and maintain the driveway, sidewalks, walkways, porches, patios, garage floor and other surface areas clean and free of all foreign objects and substances, keep and maintain the roofs, gutters and downspouts clean and free of all foreign objects and substances, keep and maintain all plots of ground prepared for plants, including the plants grown in such plots, in an orderly, attractive, and healthy condition, keep and maintain all garage door remote controllers in good working order and, at the end of the lease, return all garage door remote controllers to Landlord, and supply and change the refrigerator water filter cartridge, if any, at least every six months or sooner if prompted to do so by the filter change indicator light on the refrigerator. 

It is funny you mentioned the pet component as my original intention was to not allow pets but the existing tenants have a curious exception in their rental agreements that allows for "up to two small birds".