Been a listener of the podcast for a few years now and excited to dive into more of the community.Excited to learn and connect with you all!

NNN lease is the only type I would do on a 5/10 year commercial lease. 

This is 2 days past the end of the grace period. 

Purchase price: $550,000 Cash invested: $1,000 Sale price: $565,000 Joint ventured with another wholesaler in Northern Utah to get this deal done.

The value on these lots are $15,000-$20,000 each What made you interested in investing in this type of deal?

It's pretty typical to get an income statement and rent roll before a walkthrough and before signing a contract (there's many times that you'll also get a capital improvements summary too), but it's not as typical to get the other items prior to contract execution.Depending on how small the property is, you might be able to push for more of these items on the front end if you're dealing with a "mom and pop" owner. 

We have a house on a well.

Background: I offered on a condo (still a newbie to investing myself, although this would make my third STR and second in one market), and the same day a second offer came in, higher.

Essentially break even annual.- What's the best way to think of this deal as it would be no cash out of pocket but also essentially break even?

Your first partnership should be on equal footing.