The exception is things that are billed just once a year and that are effectively taxes.

Are these contracts for wholesaling a standard form available from a state website, or do you have to get your own contract created through a lawyer tailored to each specific deal?

This market has effectively collapsed over the previous 12 to 18 months, as investors have fled the market.

For instance, a goal in your plan may be 'building an effective buyer list'.

If you have a net operating income of $40k and the offer is $100k per acre for 3 acres the effective cap rate at the offer price is 13.33%.

You need to know your market, occupancy and competitive rent rates, renter expectations, your goals, risk tolerance, temperament, and your resources.You need to know your local tax rates, state/local landlord rules, housing authorities, insurance sources, financing options, occupancy and employment trends.There are crazy tenants but effective management can minimize the risks.Good luck.

The advantage of the standard form is that every lawyer in the state and many citizens of the state will know exactly what it is.

BienesNot a lawyer, but in most cases, when you rent to multiple parties it is treated as if they are one, each responsible for the full amount of the rent each month.

What does your HOA lawyer say about this?

Second is that your are effectively "selling grandma's house".