(I should add that we do not borrow money, so it will take a couple of years' worth of profit to save up to buy another property.)Good and very common question.

Like any manager, got to stay on top of them, but I use them for my rental in Benton, and have even done maintenance for them and they are good.

With NNN, the lessee handles everything, taxes, utilities, repair maintenance.

All are within a 20 minute drive of my house.I contract out almost all maintenance, which can get somewhat expensive since everything is "al la carte" instead of steady work. 

Below are some of the more common questions asked of Hard Money Lenders:1) What are your rates, and how are they calculated?

You can expect to retain 70% of rental income on a decent property with decent tenants. 30% will go to taxes, insurance, maintenance and vacancy.

The larger you go up in center size the PM fee can come down to 3% in some cases.CAM ( common area maintenance fees ) typically cover property taxes, landlord insurance, PM fees, maintenance to the building and service contracts.Some tenants instead of a NNN leases have NN lease or a gross lease.

Are you a hands on landlord, or would you prefer to avoid weekend maintenance calls or monthly rental income and expense management? 

Common sense says to trust the utility companies, but I don’t know why there’s such a huge desparity.

I’d think repairs would be a small expense to prepare for, I’d hope, barring the water heater going down, since the HOA handles exterior maintenance and the interior is well-kept.