I have already stared reading the UBG, and I will check out your 10 Rules.

If you get a blank look or they say "put it in the bank," ask them what interest rate they're getting.

Yes, I always have blank purchase agreements with me.Mike

I think it would be a useful tool for investors to go by, rather than saying "this property passes the 2% test," there should be a name for this like the (fill in the blank) rate.

First of all it is difficult just finding a house with a margin like that, so you may fire blanks for a long time before actually obtaining the type of property that you can flip.

I do plan on returning back to the US after a few years so having 3 rentals I could time it right with one being empty to have a place to live.I’ve already started to build a team.My CPA (who I have used for my taxes for many years now) already works with other investors that are currently overseas and even recommended the PM which she also works with on her own properties.I’ve met him a couple of times to hash out small details and he emails a status report every month.He also has his “own” team of people, like plumbers and such.The best part is, he only charges 10% on the rent collected, not a fee per month even if it’s empty.If there are any questions to help fill in the blanks that I might have missed, you can fire away.Thanks

I just looked at him with a blank face and responded with, "... and?"

But this should be enough to get you going and whatever HML you decide to work with can fill in the blanks or make corrections as needed.  

I am used to bouncing ideas off of people who don’t know anything about real estate investing and getting a blank, glazed stare back.

I suspect you would get a blank stare if you asked about how credit worthy the entity providing the guarantee is Scott.