It sounds like a decent resolution, good luck.

I'm new to REI, and in most posts it seems imperative to have an attorney create the contracts, but with low funds and it costing a decent amount of money to have an attorney create a contract, I was wondering if it's possible for the first deal to write your own contract using templates found online?

It seems like a decent way to increase the quantity of C Class properties if it is done right.

Way more hassle than it's worth.I've got a couple emails out to a few firms just to give it a shot but if, as you say, the costs of retaining a licensed IAR are anything but very low, my odds are low.For the benefit of those reading in the future, I'll give a bit of background: I confused not needing a sponsor to take the test with not needing an RIA to hang my license under to be officially licensed.

I do have a decent screening process and uncovered that their reported income was nearly twice their actual income.

I have a job and decent credit .

Taxes seem low, but I don't know the area.That being said, if your assumptions are right, it seems decent.  

If you do those 3 things you will be able to help them secure an investment property, make necessary repairs(at a decent price), and get the place rented and cash flowing.

How Can I Get Started"[1] Knowledge of what you want to do, and what you don't want to do.For instance I want to make money by housing people in clean decent housing (for a good profit), but I don't want to be the guy doing it in dangerous areas, or in rent controlled areas.

Hello @Shashank R.Memphis is a great market to find good cash flow and decent appreciation as well.