Thank you for your detailed response, Melanie. 

For a detailed explanation, see an earlier comment by @Ashish Acharya.Assumptions are not controversial, either.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

Thank you for all the details of this story.

I have attached a video from our CEO on the Basics of Investing.

I’ll add a few more details and answer some questions.

You will want to consult with a lawyer.In regards to your last two questions here's some background on what makes a contract valid and enforceable:Offer: A promise to do or not do something within a certain time period Acceptance: A clear and direct statement that all terms and responsibilities are accepted Consideration: A legal and adequate inducement given in exchange for the promise Capacity: The parties to the contract must have the legal capacity and competency to contract Awareness: A party must be aware of the contract Legality: The contract must be legal in the jurisdiction it will be operating in***Not legal advice*** Steps I would take: -Review contract in detail to understand each counterparties responsibilities (if you are not aware)- Email a copy of the lease to each of the tenants listed on the lease and reiterate lease expectations for termination notice, rent payment etc. - If the lease was signed via Docusign (other esign may have same ability) - you can go to the envelope, go to history and view the IP addresses for each action taken.

Many youtube videos on the concept will help spell it out for you and give you confidence to proceed. 

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

Keep in mind all this stuff is uber regulated, very detailed, far from simple.