Also, the contract we signed with all of their requests is full of vagueness, which had been clarified in conversation, but now they are coming back saying different things, interpreting the contract in a way that it benefits them more... ignoring the conversations that we had had.Then there's the electrical contractor who was supposed to "clean up" the handyman wiring in the 1901 house who covered up open spliced wiring with insulation, which I then had to pay another contractor to come and clean up costing me another 800.00.Now, the good news is, as long as the home appraises, I should clear about 26k on the property.

If you haven't yet- be sure to setup some "Keyword Alerts" to get into conversation in your target area.Seeya around!

To put 50/50 against line item (4.C.(1)) is misleading and incorrect.

A lawyer probably isn't the best person to tell you how to develop a business plan for real estate- they're in the law business, after all, not the real estate biz ;) To know what are effective strategies requires being directly active in the business.You may well be able to garner enough info here on BP to help you with your items #1 and #2 above.

A roof, a furnace, a tenant that destroys the place, etc. are not an annual item (generally), but when you hit the magic year when they happen, it can be painful if you didn't allow for this upcoming expense in previous years.

If you haven't yet- be sure to setup some "Keyword Alerts" to get into conversation in your target area.Starting is always the hardest part, but you can read this to help you out: The Ultimate Beginner's Guide to Real Estate InvestingSeeya around!

He was priced well, broken down the cost on each item and was flexible with what I had done/chose not to do.

I would have a conversation with your local town/city zoning office.

Also itemize capital expense and reserve requirements.

You can also set key word alerts to keep up on items or areas of interest.