Scary part is these numbers are cooked.

This is especially important if the renter has some "issues" like owning a pet, or if he's a smoker.

The potential liability is very high if you miss something during the process that later surfaces causing the investor/developer to lose money.Some of the skills you should have are a firm grasp on financial concepts and forensic accounting because sellers lie and they will cook their books too.

I think Steve Cook was sued by them for using "Ugly House Bootcamp".

Kinda seems like Steve Cooks course Wholesaling for quick cash.

&id=973192I got in contact with the author of the article, Kevin Cook, and he was more than helpful in answering my questions.

@Ethan Cooke Thanks for your advice and I will pm you for the re-stocking info.

Originally posted by @Ethan Cooke:@Armand Farrokh - Find someone who has the latest rental agreement from San Francisco Apartment Association (SFAA), or you can join SFAA and get access to their forms and templates.

The quality of inquiries was much better there than craigslist as Zillow inquiries can come with tenant info (income, history, credit range, pets, smoker, etc).

One of my favorite books that forces you to start with the end in mind and weigh the cost/reward of every decision is a book called Lifeonaire by Shaun McCloskey and Steve Cook.