I highly recommend them as they are an outstanding lending team we have used on many similar projects. 

ROI = (Gain from Investment (GI) - Cost of Investment(CI)) / Cost of InvestmentFull Cash: GI=$85k (sale proceeds) CI= $100k: ($85k-$100k)/$100k=$-15k/$100k=-15%Levered: GI=($85k(sale proceeds)-$80k(outstanding debt)) CI=$20k  [($85k-80k)-$20k]/$20k= ($5k-$20k)/$20k=-$15k/$20k=-75%n.b  Transaction costs are ignored for simplicity and ROI is not the best measure to use when evaluating the sale of a rental since it 1. assumes the home was bought and sold in the one year and 2. it is not an accurate measure of total return since it does not take into account cash flow from operations.

I'm not exactly sure what contracts need to be signed and I'm looking to source one, this is something I'm currently researching further4.1) The contract needs to protect me from seller's bankruptcy, change on mind for the deal, assist me with the lender in the future if required and more5) Inspect the property, check for outstanding lien, hoa, mortgage payment, insurance, tax 5) Closing costs - agent 2.5% ( if they are part of it ), escrow/title transfer (??

Fast, simple, investment level choice, outstanding profit margins, not a lot of competition (most investors have no idea how or why this niche housing segment works).Take the cash you make and invest in income producing real estate :)

Hi @Dilip Pothugunta, there are a number of outstanding options listed here: https://www.biggerpockets.com/property-management-toolsI know for certain that some of those solutions are excellent at helping you collect rent and keep track of maintenance.  

Also, the Apartment Association of Milwaukee is really, really outstanding and the Milwaukee Wealth Builders has some great people in it too.

This will trigger your motivation to be patient and wait on a really good deal or if you'll need to be less selective due to the timing of your lease ending.In regards to the credit score, yes try to get that increased, run your credit reports, pay off outstanding debt, my exact suggestion would be to follow the Dave Ramsey baby steps up until step 4 (small emergency fund, pay off debt, 3-6 mo emergency fund, then stop the babysteps).

To learn more about SFH rentals look at youtube content from Jason Hartman/Empowered InvestorTo learn more about more general principles of real estate investing and multi-family look at Ken McElroy's youtube contentThe bigger pockets youtube channels are outstanding, we prefer "On the Market" from Dave Meyer for data and analytics.

Just a post showing an outstanding investment decision. 

He is an outstanding resource!