These provisions relate to rights the new owner (buyer) has and include restrictions upon the current owner until closing, per @Mike Cumbie (although the prohibitions are essentially meaningless -- either the title is clear and/or acceptable at settlement and t)here is a closing, or it isn't and there is a dispute).Oh, and the "lending partner's approval" contingency tells me the buyer is a wholesaler who may or may not find an end buyer for this property... so this could be a complete waste of time.

The friend with the money is essentially going to be in second position right?

NNN expenses for a tenant would include essentially everything on the interior of their space... lightbulbs, janitorial, HVAC contract, plumbing, etc.Feel free to reach out directly if you have any other questions.

Essentially, this will ensure that your tenants are paying the same "amount" in rent as they have been the entire lease period.

Rents are generally the biggest and easiest as it is always easier to bring in an additional dollar of revenue than it is to reduce a dollar of expenses - both impact net operating income which equates to an increase in value.

The location had a restaurant before but the lease expired and the new tenant is essentially starting a new lease with me. 

That's why background checks at all rent levels are essential.

If there was an anchor project coming that would have an impact on the neighborhood values then the connected money would already be investing and driving up prices (see: Westport).Q: Maybe wholesale it?

Just hoping drain field isn't impacted

One can not convert a motel (c1) into multi without a rezoning, traffic, impact study by the City.