So what I really wanted from Wealthablity was a CPA firm with the Rich Dad philosophy.The Wealthability program is a set of video lessons of Tom teaching his book.

I can tell you what people here have done in Bay Area to set themselves up for retirement.

Developing the skill set to source and acquire deals off-market can take years. 

I would set up hookups for water, sewer and electric according to code and write a lease for it that makes sense.

i think at that price point, and if you cant find an off-market deal, 25% is a hard target to hit. i think 10% might be more realistic.

There are different ways of doing it, but I prefer to set it aside in a different account.

If I'm in your shoes I would use this as an opportunity to set the tone with the tenant about how you operate as a landlord! 

These rules, which include a requirement that sellers set aside a portion of the purchase price for buyer-agent commissions, prohibitions on modifying the commission, and permission to filter listings by commission, all enable NAR, its co-defendants, and its members to maintain buyer-agent commissions at supra-competitive levels unrelated to brokers’ experience or the services provided, steer home buyers away from lower commission homes, and drive out discounters—among other harms."

Be well -  Cheers mate,Keep setting the standard for the rest of us 🙏

Are you cash, do you have crews set up, do you know how to determine the reno and arv?