@Austin Chambers thank you for the detail.

when writing/modifying rental agreements - the devil IS in the details.  

This would challenge me and force me to grow and to tap a deep reservoir of potential.I'll spare you the details of that quest of inner discovery.

What details does it need?

So I would basically be adding a line to the current contract, with the specific details?

This is my first foreclosure property, so I just wanted to confirm the details.

I’d like a more specific ‘scope of work’ and detailed stage by stage punchlist type document so we can be on the same page.  

The two best ways I’ve found to fatten the bottom line is via fees or reduced turnover or repair cost.Pet rent, lawn care fees, and things that breakdown due to tenant usage are my go to items.Number of bedrooms, extra features are only a selling point.

I read the forums and it seems to be possible, but most the details I found are for the seller.

This would be our first adventure into house flipping and we like the specific details of the neighborhood and it's potential but are unsure if the house already being gutted is a benefit or not.