I made the lease I have on Rocket Lawyer and the templates available on BiggerPockets, and then gave it to a local lawyer to review (was cheaper that way).  

This is where I would like to have the discussion and reason being, I am all for spec building if it makes sense, I am just trying to get the answer if it is in fact a better return or not.You are correct that dealing with rehabs often requires dealing with some screw up by previous homeowners and all the little problems you have to correct, however, it is not rocket science and is just a small pain to deal with for the returns.

Since I have been the one posting the most on the topics of net winners, it's not rocket science that you were referencing me.

The goal would be to add to my LONG list of vetting systems with potential applicants a FICO number where I won't accept, moreover, won't spend the time to see if this guy or gal is credit card miles hacking, piggybacking off someone else or just a lowly rocket scientist that lives on the moon.

Account Closed  what your missing is I sold Palo Alto to move to Napa  cheaper in napa by Half lifestyle for me better by 100% :)  ( Silverado country club Vs Barron Park ) then I sold Napa and moved to Canada for a year bought a home 1/3 the price.. that only lasted for less than a year so I don't count Canada but then bought Portland for much less.. that one sky rocketed then I moved into one of my townhouses.. waited.. then moved into a new build in Portland that went way up.. 

If your property goes up in value 10-20%... you have magical cost that chews away at your profits... commission, holding cost, buyer closing cost (because more buyers buying a market priced property have little cash to close and are using fha), tick tact stuff, etc...I guess my point is unless you create significant value to the property or the market takes off like a rocket, we shouldn't forecast any kind of significant profit.  

Was going to use the Rocket Lawyer landlord document for NJ and add an addendum for rules.

Real estate is not rocket science and all you need to know you can learn from a $20 book, but a mentor is good for keeping you focused, especially if this is a part time endeavor.

Not rocket science cathing those who violate rules.

Dan Thompson,It is not rocket science for international investments.