Some key points I took from this are:Negligence equates to charging tenantPossible month to month leasesCustomer service driven handy peopleAdd clause for minor or negligence to leaseKeep visual recordsTony

If your consideration was to sell and buy something that was even better than what you have, I would probably do it - but you are looking for a "dream" house, which generally doesn't equate well into an income-producing asset, and you look young enough and lacking in funds enough that you might consider building your portfolio longer before going that route. 

Does getting it under contract equate to owning it?

What's your value add to the equation? 

As you know, with any post there are a lot of "What ifs", ways for people to misinterpret, and look for a way to weasel around what is said.First, people must stop equating "Assigning the Contract" as everything wholesaling.

Common equations to determine billing that we use are as follows:Ratio based on Square footage: = Bill total * (Unit Square Footage / Total Square footage)Example: Unit 1 has 1000 Sqft, Unit 2 (garage) has 500 sqft.

Paying $110k for a gross monthly income of $1300 is a 1.18% deal, usually does not equate to real cash flow when you consider ALL the expenses, many of which were not included above such as vacancy, capital expenses, legal expenses, accounting, advertising, damages beyond security deposits, etc.

I was wondering about the calculation you did there...you said FMV-30%-est rehab equates to your desired offer.

That would equate to about a measly 30 bucks an hour.

Your Real Estate agent has quite a bit of due diligence and the closing company should have taken the rent issue into the equation.