I found a 2/1 that I would like to renovate and add an addition on it to make it into a duplex.

I help investors acquire rentals in quite a few different markets.  

Having a general working knowledge of the area you want to invest in is usually step one.I'm relatively new to investing as well (working on acquiring my 4th unit now) - I'm in the Chicago area and in general I know that returns in the Midwest can be higher than in coastal areas, so you have that going for you; but every neighborhood has it's own oddities and character.

First, that investor telling you of a minimum IRR doesn't have a clue, IRR is rather irrelevant especially to predict, no one really knows what the IRR will be until the future.If you're going to look at the IRR, that 5K isn't your total investment, it's an additional 5K you put in to restructure your financing. 

Would it be against the law to copy those few lines and add it to ezlandlordforms lease?

Just make sure you screen tenants properly, and they will be a welcome addition to the neighborhood.  

I knew I would have to start building a list of potential buyers in my area so I have been posting to Craigslist and have since started to acquire a list of buyers who want/need seller financing (20+ people).The issue is, I have since decided to not buy the course (because I think it's another Guru scam) and now I have a growing list of people wanting/needing seller financing in the Morgantown West Virginia area.

But in addition, if the numbers look good, you need to get this house under contract.

Additionally, you could also choose to keep the house with the option of foreclosing on the property and take full possession.Does that help in any way?  

At the age 24 I had acquired and ran my own restaurant but I am now real estate investing full time.I am opportunist, seeking deals daily.Real estate ExperienceGrowing up in family who owned several multi family propertiesI have taken many courses to enrich my Real Estate platform.Created a Rent to Own CompanyWithin the past eight months I have done 15 JV deals - 22 doorsReal Estate GoalsMy real estate goal for this year, it to acquire 20 more doors by December.Currently seekingSeeking Qualified JV partners for multi-unit cash flowing rental properties.Private lenders or Hard money lenders, who will lend to Canadians to puchrase properties in the States.