But keep in mind few years after you purchase, you will have to start making upgrades and fixing wear and tear.

Some landlords think it's okay to spend the deposit and some have been very surprised when I decided to move after 4+ years and have tried to assess damages for normal wear and tear, even though I scrub everything and even have a carpet service come in to clean before I turn over the keys.I've gotten to the point where I'm afraid I won't get my deposit due to a few unscrupulous landlords I've had the misfortune to rent from.A nice thing for the landlord who DOES hold security deposits is that he doesn't have to keep track of each and every one with a bond in place.I can see this as a win-win situation for both parties.

Not all brands will tear down the building as it can be costlier to rebuild than retrofit. 

The low price point DG's are often middle of nowhere on septic systems with sheet metal sides and back construction that almost no tenant wants if DG vacates in the future.The only time I look at DG with that construction is if really old building in strong suburban core area I get with few years left on lease for 10 cap all cash and then can tear it down if they leave and have upside in redeveloping the dirt.Hope it helps I have been in NNN about 20 years as a specialist.Good luck

Carpet cleaning would have to be agreed to in the lease because otherwise it would likely be considered wear and tear and the costs would not be passed on to the tenant.

At that meeting, you are gathering information...closely inspecting all areas, looking for signs of any leaks, termites, rot, and of course wear and tear as well as housekeeping in general.

Additionally, mid-term rentals often result in fewer turnovers and less wear and tear on the property.

You do not want to tear out your NEW cabinets to replace it later.

I contacted a broker (my mother), and told her I wanted to find a property to tear down and build a new home. 

While there are residential units in close proximity, I am not sure tearing down or redeveloping the existing buildings is the best play for the site.