. - @Jasmine Patel I would advise folks to be careful about closing air vents as a method of saving energy. 

What is the proper method for getting a property under contract for purchase by an investor from start to finish and are there any good templates out there?

This would be the preferred method from the Buyer's perspective because they are receiving title upfront.

I would say when getting started get a mentor, or listen to enough information that you can make an educated decision on your own; however, do not get sucked into one exact method until you have tried a few of them. 

Nothing in this Note shall be construed as creating a joint venture, partnership, tenancy in common, or joint tenancy between Lender and Borrower.In the event that the holder wish to withdraw any portions (with prior notice) of the principal amount during the term of this note, Holder will waive any/all interests earned and only the initial principal amount will be returned to the Holder.

For short term ( 5-7 year plan), use the Double Declining Balance method - - and that's a bear to get right.Forget 'appreciation' as it is not realized until you sell and then you have to deal with Depreciation Recapture too.  

Hi Steven,Although every situation is different and more information about your specific situation would be needed to determine what is best for you, I always prefer the "house hacking" method for new investors, especially if they do not own any property yet.

@Barry Allen, I used the BRRRR method.

I would always have tenant send in rents via mail or set them up for ACH withdrawal.  

For instance, it's really easy to pull one over on a rookie by using a non-customary tax proration method or non-standard assignment title policy costs.