Well then you take the $900 and multiply it by 12 to give you a year's total income and then subtract your yearly fees from that which is generally about 35%  (10%-Management, 5%-Maintenance, 5%-Vacancy, 15%- Insurance & Taxes.).

Well i paid 173000 total including the downpayment and thats what Zillow shows for how much the home sold for.

It's been a while now into Cody Sperber's fast track program learning how to wholesale real estate online, but I haven't pocketed any profits yet besides the education.

You cant manage what you cant measure - order a home hygrometer for $10 online and measure the relative humidity in the house.

We use the whole suite of docs from Wisconsin Legal Blank - just order a set online or download the pdf version.

I posted numerous times about how everyone and their mothers are in the game with the rising market, I got to auctions and there is like 100-200 people in Bergen County just driving prices to crazy levels... if it's not the prices being driven up, the bank wants something totally ridiculous. 

If I draft one on my own with the help of one of the many online sources of agreements can I later have a lawyer draft one and have the renter sign a new contract in the middle of their agreement?

I'd recommend looking at some online schools.  

Hey BP,My goal is to hear some advice and/or pointers on what has worked for people with experience in what their advice is.Background:I'm a Carpenter in Northern California working for a General Contractor totaling 40Hrs-60hrs a week My current work is mainly Tenant Improvements/Remodels, In the past I've done custom homes as well.I'm sole provider at the moment for my family and am saving what I can though it probably wont be significant for InvestingIssues (oppurtunities):Dont have much capital 5000-10,000 - Saving about 500 a month Dont have GC license yet - Will have GC license in November 2017Will have Construction Project Management Cert early 2018 (March)I'm looking to be proactive and find an oppurtunity to enter real estate investing with a sustainable stratgegy.Current thoughts:- I can work full time and get jobs on the side to add to capital power - wholesale remotly, with savings?

For us its more of a total picture rather than one factor, although I guess I do focus on some more than others.