If you have to go through the utilities companies for city hook ups or gas or electric?

Also, if you are buying a distressed property many times they cannot be inspected fully because utilities may not be turned on and you are fixing so many things already there isn't much risk in whatever they might find anyways. 5.

Connect with local real estate agents, attend meetups, or hop on online forums.

Engaging with online communities such as BiggerPockets can also help you learn from experienced investors and explore different strategies.

By requiring licensing that you think is so onerous, which is usually quite easy to complete and reasonably priced  maybe $1,000 and somewhere between a day and 2 weeks of online classes, we can protect a segment of people that need protection.

Most tax professionals do not advise their clients to utilize this approach and it may raise concerns under IRS examination.

Utilize the enemy method - like @Bradley Buxton said, take a look at your competition to see how yours compares and make adjustments accordingly

If so, is this something I can get a template of online or do I need to seek one of these documents from an attorney to then present back to attorney signed by both parties to then draft a formal contract?

Check out other online guides available here: https://www.biggerpockets.com/guides3.

We work with investors everyday that utilize this strategy.