Thus, I'm in my current predicament.Is 10-15% standard markup buy a contractor?

Any standard Bill of Sale contract or can I use a regular real estate purchase agreement contract?

Most likely if I added "depreciation + interest paid + taxes + ins + other costs" it would be positive (not by much, because I'll have $72k of rental income) since there's around $80k of itemized costs to deduct between those items each year. 

Also depending on the type of loan Standard vs Steamline, will have an impact on the # of different folks involved and who you can use to get the work done.

You will need your state's standard purchase agreement (always remember to put "and/or assigns" after your name at the top of the purchase agreement.)

A broker I've been working with send me the NJ Association of Realtors standard lease.  

HOWEVER, whatever you do, don't lower your standards.

I'm going to say that it depends what your goals are in seeking education.Cruising these forums, you'll see stories where people lost money because of what didn't know or didn't know to watch out for.At the same time, you'll find a pervasive and powerful bias against paid education.You'll want to decide for yourself which is the greatest expense: losing money on a deal (may or may not be deductible) or paying for education to help prevent losing money on your deals (deductible as a professional development expense).

According to http://settlement.org/ontario (well, I live in Ontario), here are your responsibilities (I summarized them) if you are or wish to be a landlord:§Keeping the home in good repair: You must repair and maintain the home, and obey provincial and city health, safety and maintenance standards.

As a result, most tenants who know they don't meet these standards will weed themselves out.I didn't quite understand something about the better neighborhood.