That could translate well to various forms of investing --- whether it is flipping, buy-and-hold, BRRRR, syndication deals, etc. 

If you feel that there is a better way for me to gain those things or more with my current circumstances, I'm willing to hear you out and change/alter the path to my goals.I'm new to this and have read/heard that the cash flow generated relative to the value of the property is the number one statistic to look at.

This translates to easier underwriting standards because they don't have to make it perfectly fit inside one box to be resold. 

That means that you cannot alter the exterior of the house ie install vinyl siding or vinyl windows. 

You can use the service of a specialized real estate lawyer, or it can pull out an contract from the internet and altered to cover all necessary areas agreed.I would highly suggest the use of a lawyer if there is large a large sum of money involved, and account for the lawyer's cost as a planed expense for this project.Hope that give a bit of light.

If the return is 12%+ and it translates to $100 it MIGHT be a good deal.

**This does not protect you by being able to file a claim if they trash the place beyond what the deposit will cover**  It is in place to notify the owner of the rental if the tenant stopped or altered the renters insurance so the owner can take corrective action.  

As a professional business person, you need  to be aware of more than how money is made and many aspects don't initially make money they are more of an investment in your character and reputation that keeps you in business and later on promotes your business  ultimately translating into money.

Can't believe I didn't translate that thought process to acquiring rentals.

I asked for a POF and that document looked very fake, altered.