I’m looking to start out investing in real estate very shortly.

If you're open to furnishing and giving mid or short term renting a shot, that makes it easier to get a property to pencil in year 1.

In addition, some reserves should be available to handle any large unexpected issues that crop up before money accumulates to pay for it.

Considering them for a hard money loan on a flip.  

Specifically, anything indicating that the lease is completed and both sides have no claims or issues with each other.There's no "standard" agreement that I'm aware of, but we've done a bilateral "Termination of Rental Agreement" when we wanted to document that a tenant has officially moved out, that there are no outstanding funds owed, and that there are no claims or issues.These agreements are particularly useful when doing "cash for keys" with a tenant.I would keep it simple: State in the document exactly what you want to establish as facts, and then run it by an attorney for good measure.I'd also recommend requiring the tenant's signature be notarized.

Those are probably the biggest pieces, the rest is talking to other investors, surround yourself with these folks, build the relationships, run the numbers, get comfortable with the numbers, and start writing offers. 

All want experience right now so you must be able to prove you've successfully done it before to get funding right now unless you put crazy money down. 

You get higher rents than long term and less turnover than short term. 

Hi Katie, regarding your reply to Brandon, if any of your wholesalers need help with their EMD, I can help by funding that earnest money. 

The state is Florida.I did not consider this first mortgage an issue because I was simply going to live rent and mortgage free in this property myself, rent bedrooms, make good money and recoup my investment in short time (netting 4k income per month if you count not having to pay my current rent).