I know that would foreclose a lot of private investment opportunities with large entities, but perhaps I can work with smaller operators, following all the rules of course.

@Emery Green I believe Ned is referring to the general rule of thumb when it comes to operating expenses for rental properties regardless of location.

@Angela Harding is a colleague that operates in Toledo.  

Get at least two contractors for each to give your their opinion of the operating condition of those items.  

I don't know if the 9.32% ROI is based on net operating.

You would need an operating agreement.

I want to make sure that I comply with the Dodd Frank and the Safe Act laws.

My name is Kevin and I'm a wholesaler operating in the state of Florida!

If bandit signs are something you are going to pursue, I would suggest learning the laws/rules of the city you will be targeting and either comply with them or be willing to face whatever the consequences are if you don't.

Most real estate lawyers will not do lease-purchases at all, since failure to comply with even the smallest requirement may trigger significant liability for the attorney preparing and filing the various disclosures and documents."