Calculate the net operating income.  

Keep the design simple and direct.

There are so many layers of locations and employees that doing simple tasks can be burdensome .

To clarify, the total income for January below would be only $20k but the OpEx (operating expense) includes a $55k property tax bill.

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

I just need a simple explanation and some examples of exit strategies so I can get an idea of what investors are talking about when they say "You GOOOTTA have your exit strategies."

Using actual owner expenses where available and if not, estimate 50% of gross income towards annual operating expense. 

We had a simple Fsbo contract i downloaded. .

Need an EIN number and operating agreement.They will run your credit but it is mostly based on the project.  

Build relationships with people and operators in your area.