It's a big book full of practical advice from marketing, screening, leases, collecting rent, etc.

Don't feel bad, this is exactly why 80% of borrowers mis-state their income.Your math implies that there are 4 weeks in a month.If there were 4 weeks in a month, and 12 months in a year, that would imply 48 weeks a year.But there are 52 weeks a year, because there are not EXACTLY 4 weeks (28 days) in any month, excluding February.The instructor is correct, that's the exact math I did in 2 seconds when I read the question. 14.50/hr times 30 hours a week times 52 weeks divided by 12 months.In practice, this is unlikely to be the actual number that an actual underwriter would use.

Watch a couple of the videos or read some blogs on BP and then practice a few times.

I will be looking to sell within a month or two but slightly open to renting (1,100 monthly, the mortgage is  620) the home out due to me relocating across the country.

If  not using an agent then a real estate attorney is a good idea especially in the beginning, they can draft your PSA based on you LOI or your specific needs, they also should have a good understanding of what the standard practices in your area are and what needs to be in the contract in you locality.  

Thanks for the response and I will make sure to always practice good credit habits.  

I had been practicing the 'live-in home flipping' strategy with my previous two homes, but now due to life circumstances and temporary status in this location we are renting. 

I'm not sure if you're only looking for in-person @Byron Broughten, but the BP real estate podcast recently has had a couple of tax people on with their own practices.

I always thought (maybe incorrectly) that if you're sued, the opposing side will be after your real estate, not your cash, unless you have a real high pile of cash.Finally, from a practical angle, I'm unsure how you would use two operational accounts (one per unit) for each property when most of the expenses for a duplex are shared.

Are there best practices in dealing with them?