If the market softens, you have a defined rent, but if it strengthens, you can't increase rents beyond what is defined in the term.As noted, NNN is a broad classification, so you need to read all leases to understand what is covered and what isn't.  

Lots for you to do and learn in the Philly market.

Hi Jordyn, Since you are in MO, do you know anything about the Joplin, MO market?

I'm particularly passionate about investing in emerging markets across the country.Outside of real estate, I enjoy all outdoor activity, including golf, boating, sailing, fishing, skiing, hiking.Excited to learn and connect with you all!

There's not much you can do about others initial perceptions.

Gather some market data- look for local market reports and engage a commercial real estate broker who can provide some great market insights.

Are there any resources that exist to determine what the fair market price for a condo should be in a particular area?   

Holdover tenancy is addressed by a significant rate increase for every day (I use 150% of market rent as that seems to be a reasonable enough number that a court would allow + costs associated with their refusal to leave) and I have wording that if I can't turn over the unit for any reason outside my control, I'm not liable. 

There are beginning to be a fair amount of properties that have been on the market for quite a while.  

I am open to most markets in metro atl but do not want to go too far north or south.