As a Challenge to myself, I wanted to complete one deal before making introductions on this forum of professionals. 

Correction on my discussion (first paragraph / initial discussion at the top of this thread): "Initial Rental Period" cashflow should read $530, not $5,300.

You're better off door-knocking and using this script for an introduction,"Hey there, my name is ________, I noticed your house was in trouble, I'm an investor and wanted to see if there was any way I could help".

Not sure if your second paragraph has a typo. 

I am a real estate agent and I was asked to teach a college level introduction to real estate course at a local private college near me.

One of the paragraphs in his contract states, "In consideration of the services to be provided to me/us, here after referred to as the insured, by “xxx Public Adjuster”, here after referred to as the adjuster, the insured agrees to assign 10% percent of the whole amount of all losses recovered and damages, received by the adjustment process, appraisal, mediation, litigation or otherwise determined.

This paragraph is wonderful guidance to giving you a starting point when the unexpected happens.

You should also make a post in the New Member Introductions forum to introduce yourself.

Hi Noah, Read the paper I wrote Bullet Proof rentals linked off the first paragraph of my profile.Cap is not the top criteria that makes rentals work (tenants actually pay the rent and you don't have to evict). 

Feel free to shoot me a PM if you'd like an introduction