Tenants can easily set up a lease backed by a few locations or a single location they can easily remote bankrupt and walk away from leaving there other business locations in tact.I would want to know more about their expansion plans, how many years it takes each store to get profitable, are they giving a corporate guarantee on the lease and is it single stores or multiple stores?

I realize I’d likely have to pay pm fees, pool, landscaping out of pocket for on average 500-600 a month with about 4K per year or so to cover gaps in rent and or resigns, etc.We thought this was going to be the forever home. 

I realize I’d likely have to pay pm fees, pool, landscaping out of pocket for on average 500-600 a month with about 4K per year or so to cover gaps in rent and or resigns, etc.We thought this was going to be the forever home. 

Australia is on a 27 year expansion economy so it could happen here for all we know!

The 50% rule is just a general rule of thumb and you would be much better off breaking down the numbers and calculating mortgage (+insurance and taxes), capex, maintenance, vacancies, utilities, landscaping, property management etc.

Both are in the same condition, with the lots being the same size, similar landscaping, both with a garage, etc.

That is the meaning of an efficient market.The expansion may have reached its end.

You still pay for utilities, consumables, cleaning, landscaping, maintenance, but the co-host will coordinate these activities and manage guest communications. 

The unit itself is very clean (I painted, installed new mini blinds, cleaned up the landscaping, and added some improvements).

The plan is to paint,carpet, improve lighting, landscaping, and possibly replace the sign for starters.