In my opinion, you should start with smaller deals and cut your teeth on those.

@Cesar CarmanI have a great attorney in Maryland who also has some “teeth”.

Totally unnecessary and it doesn’t make it “more binding”....no effect whatsoever.

As easy as this sounds, it's not simple and usually like pulling teeth.

You have to understand that you're giving the tenant all of the protections in the world and yourself none, since they're allowed to back out anytime for any reason whatsoever with no financial penalty such as if they don't accept one of the terms in your lease agreement before signing.There are some great suggestions above on how to approach the issue delicately and affording you better security in renting out your property quickly!

@Omar Khan  And they stole our vodka right out of our freezer.Those were the teeth of fate that tore into me, those were the lips of fortune that smacked over me, that was the gullet of horror through which I descended into the heaving acid of the belly of life that made me the real estate investor I am today, flaked and formed, reconstituted and transformed.McRib is more than a program, more than a lifestyle.

I would say $300K is more the low-end of realistic, and that would probably be in Cosby.That being said, there’s nothing wrong with Cosby whatsoever.  

By 'cutting your teeth' doing some local managing, you will be more experienced with all the little situations that pop up with your properties.  

However, I've had several conversations with "successful" investors who cut their teeth AFTER 2008.

I don’t know you or your product whatsoever.