You could just have a base rent based on the total sq footage and then have a break point to pay additional rent above certain annual sales.

I am not an accountant and the new tax law has brought changes that I don't yet totally understand.

Good to hear Account Closed!

And be sure to check with folks other than your family banker (where you carry all your accounts) - you'd be surprised how much price / term shopping can save you on your first few deals.Best of luck to you and I look forward to following your journey!

Then raised it 5% annually after that .

@John Lee It starts at 63% then bumps to 100% after you do a certain amount of business (resetting annually), depending on the location.

@Michael NewmanIf you don’t have cash reserves you can screw yourself real quick ~ however if you have good credit and a high income you can get by wIthout having to have a pile of money sitting in a savings account waiting for toilets to break .

So...Yesterday I had my termite guy do an annual inspection. 

Because it is your credit on the line, you should designate the accountant/bookkeeper/servicer to collect rents and make payment to your mortgagee.

Talking to a lawyer or accountant about the future tenant paperwork?