With new clients I have a detailed contract outlining the SOW, time frame, and draw schedule.

This process is outlined in our lease agreement to ensure transparency with tenants.

I am going to be the contrarian on this subject.. 1. the pre license course is valuable as it teach's the vocabulary of real estate and the basic laws of your state.. its dirt cheap and one of the better ways to build your foundation. 2.

Don’t accept any subject to offers since they will burn into your deal time.3.  

He did an example on another post  on a subject I’m informed in.

I understand that if you live in a state that does not have a state income tax - you won't have any state tax liability, but based on $110K income, you would be in a 24% federal tax bracket...Distributions from an IRA or Roth conversion would be considered ordinary income and subject to ordinary income tax; capital gain tax is not applicable here, so I'm not sure why you are bringing it up... 

Stay with properties at or below median value within 1/2 mile maximum of the subject property.  

It will have a detail breakdown of comps and their values and a breakdown of the subject property.Title Work - This is all on you. 

I've been reading books on the subject (Small and Might Real estate investor) and listening to the BP podcasts for a few months now, and I was initially very excited about finding a multi-family property to start out, in order to maximize my leverage against an FHA loan.

This is somewhat subjective to you.