Using the 50% rule, where one can expect over time that expenses (taxes, insurance, maintenance, repairs, etc. from Schedule E plus capital equipment reserves) will be about 50% of gross rents.

This can equip you with some handouts etc that provide everyday real estate terms.

I don't own any in that area but I can walk you through all the details and provide demographics, financing, equipment and most of the other info you will need to open one.Typically they provide a 20%-30% ROI.

@Dawn Anastasi When our school system is in a constant decline and more and more kids our not ready to enter college and our unable to read at the appropriate levels...topics like these are takign away from reading, math, etc and leaving kids not equipped to enter college or the workforce.

If you don't have the equipment, you can get it for under $100 and the money spent will be returned in spades.4 - You must not be coming on to pitch in any way.  

If your serious about being in the RE game you might as well be equipped with all the tools. 

Got every penny of my loan back, plus all the interest and late fees that had accrued.I can't even tell you the relief I felt holding the check in my hand, after that 15-month battle.It's funny...you know, Bigger Pockets also helped equip me with the info I needed to acquire eight rental properties in 2013/2014--and sure, I'm thankful for all of that guidance too.

Oh, I work as a photographer, and though I've never done real estate photography my skills and equipment might eventually come in handy.

Equipment, furniture, and fixtures, termed "§ 1245 property", are tangible personal property.

That said, if it's common in your area, then figure out what everyone else is doing, especially the big guys in the industry, and copy their contracts and equipment.