I use my state's standard contract, and while I don't incorporate any "weasel" clauses, the contract does provide for an inspection contingency.

Most people on BP (including myself) will use the same rule a bank would... only incorporate 75% of your income and then deduct operating and financing costs.

I'm sure this is something you have personal experience with by now so perhaps you want to either start there or simply incorporate it into your long term goals and plans.

Talk to your lawyer but I would recommend a short term lease that incorporates the rental terms that were specified in the PSA.

I am a big fan of the reverse wholesaling method (yeah even though I haven't incorporated it) but more importantly not shotgun blasting your list with every property.4.)

For some reason I do not like the thought incorporating the 50% rule when looking at cash flow etc.Id rather just have a large enough emergency fund and deal with problems when they come up and not include that in your normal monthly numbers etc.Assuming no property had any major foundational issues, how much money do you think would be good to keep in such a fund?

Chris location does play a role in corporate tenants for leases but really the credit of the tenant, their books, and who is backing the lease, and lease terms are where most weight is given.What are your specific goals??

Let a trained professional provide you with advice and handle all of the transaction.There are many laws you must know, follow, and incorporate into all the legal documents.

If you are buying rental under an llc then usually you will have a legal fees for incorporation $450 ish through legal websites.3.

Brain,Proof can simply be a letter from your accountant, Council, or, if you are incorporated, your BoD ... though the third-party attestations carry more weight.