Net lease income sounds like the whole point. What am I giving up to get it?

What pulled me toward industrial in the first place was reading that leases here run long and net, meaning the tenant carries taxes, insurance, and maintenance, and I collect a check. That's the version of real estate I actually want. No second job.

Then I started reading actual deals in this room and the picture got more complicated. People are trading yield for term, arguing about roof carve-outs, watching an appraisal come in light, sitting on empty buildings for eleven months. None of that sounds passive.

The way I see it there are two things I could be buying. One is a long net lease to a solid tenant at a low cap rate, where the passivity is real and the price is that my yield today is thin and my whole outcome depends on that one tenant renewing or the building re-leasing at the end. The other is a multi-tenant building at a higher going-in yield where I'm actually managing something, dealing with several rollovers, and the income is lumpier but I'm not betting everything on one signature.

Everything I read says quality and location win over the long run. Nothing I read tells me whether a person who wants genuinely passive income should pay the low cap for a single tenant or accept some work for a better current number.

Curious where the room actually lands, because I suspect the honest split here is close.