There is a standard NC rental contract out there but you might need to be a member of the Realtor association to use it. 

The associated formulas and limits can also get rather convoluted, so I could see why you're confused.

@Jae h Kim with those numbers any increase in association fee and you will be out even more.  

It may be price or association fees.    

there's also facebook (search their names and the associates/relatives found in beenverified) 

I am not sure exactly where you are at in your investing career or what exactly you are looking to get into but if you end up investing in St Clair County I would highly recommend the Port Huron Area Landlord Association.

Here's a listing of all the REIA (Real Estate Investment Association) in Washington State:http://www.reiclub.com/real-estate-clubs/Washingto...The one that I've started going to is called REAPS (Real Estate Association of Puget Sound).  

Could try:The Massachusetts Property Insurance Underwriting Association (MPIUA)www.mpiua.com

So you can assign or resell (sublet with the lease and re-option with the option) either of them.Therefore, you have multiple ways to structure this depending on how long you want to be involved and how much associated risk you are willing to take.With the lease, you can assign it for a fee and be done or you can sublet it where you are still on the hook for the terms of the lease, but can receive the difference in rents for the entire term.With the option, you can sell (assign) the option and be done or you can option your option understanding that performance will require a double close.  

(Mortgage, ins, taxes and association fees. so every month he has to com up with the balance to cover the rest.