RE investing should be similar--start with the lowest risk, simplest strategy first, and (if you want), gradually build up to more advanced strategies as you gain experience...or, if the simple strategy is working for you, just rinse and repeat. 

In the simplest of terms the purchase price should be the NOI/cap rate.

I'm interested in the very simplest solution.  

This is the simplest method, but it also means your tenants are more likely to abuse the utilities by leaving windows open with the heat or A/C running, leaving lights on, ignoring the toilet that constantly flushes on its own, etc.3.

In even the simplest cases, it is a massive mistake, and I could give many examples of significant issues it has created for the person who used legal zoom.  

As far as insects and pest, spray your house with google, on a product with the ingredient pyrethine, it is a monster and on a routine basis you spray this and no problems.

You have to put in some work if you want to get anywhere, and nobody here is going to spoon feed you, especially on the simplest part of the business. 

You guys simplify and explain subjects at the simplest terms possible. 

Consult a qualified professional or two...The simplest most straightforward way would be to just buy it from him for $70k. 

The simplest way is to “drive for dollars,” write down addresses and cold call.