I am ready to put a house under contract the asking price iS 240k, I was able to negotiate the price down to 196k. Comps in the area are 240k, I have a person that would like to purchase the house from me to lIve in. ...

I wasn't a real estate agent at the time so I used someone my friend referenced.

Also, don't forget to add an investor-friendly agent to your "rockstar" list!

My friend just told me he only does month to month he says the yearly protects the tenant more then the landlord? 

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

Through a wholesaler i became friends with through the local REIA.

Our cleaner arranged for a vetted friend to clean for her in her absence and then told us.

I've had friends that host Chinese exchange students at the high school level.

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

The feeling I got from this meeting is that they're not investor friendly.