Additionally, you can claim depreciation on the portion of the property used for rental purposes.

BUT, when people don't understand what 15.34% IRR means, NOR do they understand how the Chart was created and what it means, nor do they do any assumptions or projections...... you might as well throw darts at a board of Investments for sale.

I don't budget for any portion of that as, although it's highly probable, it's not guaranteed.

I also listen to Mike Zuber author of one rental at a time talk about learning your market which is a course he has that includes a spreadsheet that tracks sales so you know what's a good/great deal in the area of the investment. 

The Special Stips section is at the bottom of page 6 on the standard Georgia Purchase & Sale Agreement (GAR Form).As for contingency, if you ask for a due diligence period, this time can be used to do all your due diligence, including inspections, getting financing in order, finding an end-buyer (if you're wholesaling), etc.

Howdy BP,Was speaking with a fellow sponsor who operates all over Texas' primary markets.There is a deal we were looking at collaborating on and he mentioned we could receive a portion of the "promote".

On a good month of sales I can save 20k+ but on a bad month maybe only like 5kI have 101k saved in the account but I’m hesitant to plunge it all into my first deal, so that’s how I came up with 50k was using half, so that I have some easily accessible cash in reserves for living expenses, emergencies, etc. 

It shows the original seller and the new end buyer with the sales price your end buyer is paying.

The house cost $360k.Now my wife saw another house for sale and she likes it, she was thinking of renting the one I purchased last year and buying the one she saw.

You could get into technical sides of things, like how to imbed and track pixels from ads through to lead capture forms, email click through rates, A/B testing, open rates, conversion rates, lead acquisition costs, customer acquisition costs, headline/subject line writing, etc.On the persuasion side: The Catalyst by Jonah Berger, The Jolt Effect by Matthew Dixon, but there are also countless sales training, sales psychology, influence people, type books out there.