Hopefully your utilities have a similar program, if not I'm not sure what the best way would be Is there a way to be alerted if the tenant cancels their utility service in the middle of their lease term (or never puts it in their name in the first place), and then it automatically goes into the landlords name?

My totally uneducated theory and please poke holes in it, is that rents will gradually stop growing and/or decrease as developments  reach the lease up phase.

It has 5 long term tenants(us being one) and we are all on NNN leases.

So we have no interior pictures to give an idea of number of units, no current lease rates, cap rate, etc.

Looking to do individual leases per bedroom and include basic furniture and home itens.

Would love to bother my realtor but due to our currenet lease we are not in a position to buy until November-January.

Some banks have different requirements, but two that I work with structure loans as follows:Bank 1:  is a local portfolio lender, requires a 6 month season period, does 15-20 year notes with 5 year variable interest, super quick turn around on refinancesBank 2: is a credit union that does commercial loans, doesn't require a seasoning period, but does require a lease to be in place, does 15-30 year notes, rates vary depending on note term, and they will allow a 10 year period before the rate changes, super slow turn around on refinancesI opt for option 1 because I don't like to be slowed down for 3-4 months waiting for a refi, but I also have a great relationship with my bank, and tell them what other lenders are doing and see how closely they can match the competition. 

Property management will likely be more than 10% as well if you consider placement, advertising, and lease renewal fees. 

@Patrick Bushman, are they suggesting a lease with buy-option?

Also, do I have a right to see tenant credit report and lease agreement?