And lastly, like I mentioned above with regard to the NN, NNN concept, you can pass through so many costs to commercial tenants in addition to their significantly higher ppsf monthly rent (again, usually, most neighborhoods…not all), like cleaning services, landscaping, signage, utilities for common areas, insurance, taxes, even re-facing a parking lot or repairing side walks can often be passed through to the tenant through “CAM” fees.

This concept lends itself to the same idea of imitation.

Question #1) Should I make the lease out to his Grandma and not him, since she makes the majority of the household income every month?

Basically any idiot could run it and because it is new for the first month or two that owner could generate decent sales with almost any food concept.

Hey Everyone,I'm looking for some feedback on a wholesaling strategy that I have put together and plan on employing sometime next week.Using the website ListSource, I have compiled a list of 1000ish properties from 3 zip codes using all mortgage types.1.From the property tab, I am customizing my list using the following criteria: a)Equity (%): Any properties that have more than 50% equity b)Property Type: Residential Townhouse, Residential Multi-Family, Residential Duplex, Residential Triplex 2.From the demographics tab, I am mailing to "Household".3.From the foreclosure tab, I am looking at pre-foreclosure initiated properties.4.From the options tab, I chose absentee owned properties. 

Having used many organizational systems over the years, the best advice I can give is, use whatever format/system seems most accessible/usable to your own brain, whether that's a spreadsheet with 10 tabs, your phone's contact list, or a simple piece of paper.As far as spreadsheets for property financials and mortgages, I'd recommend you look at some samples online (there are plenty), research the concepts involved (e.g., google how do I calculate net operating income), and then make your own spreadsheet.

The website is sweepstrategies.com    I am not recommending them, but it is an interesting concept about mortgage financing in the United States.      

So you're basically against the concept in general, not just for this property?

If they have not held a property 10, 15 + years they have no true concept of cash flow.

However, we soon realized that as big as our family is we're not using the property to its full capacity so that's when our daughter, who is also our property manager with with our long term rent/least portfolio, introduced the idea of the vacation rental concept.