With that being said, I'd appreciate if any one with experience/knowledge could shed some light on the following:1) As a wholesaler, what are the key details when filling out a contract.

I found a pool ladder in a shed one time and I needed it at my home.

I'm transitioning most of my individual stocks to index funds, and my portfolio is more heavily weighted toward the S&P.

Jim k Comments are worth their weight in gold .

The question is, do we take that right side of the house and pull the roofline up to be even with the other, and eliminate the shed portion?

@Gabrielle E Hello, I'll shed some of my experience the past 3-4 months.

The result was that I had tens of thousands in debt.To make a long story short, I lost the weight, started a new much higher paying career that I enjoy, paid off all my debts, moved across the country, and discovered real estate investing.

I don't think I could come up with a consistent variable to cover all costs.HOWEVER: It certainly won't hurt your deal analysis to throw in a 10% CAPEX expense, as it will provide you with another 10% safety factor when you're considering a purchase.I tend to think that any Capital Expenditures are going to need to be weighted by the investor for their cost/benefit analysis.For example, if you saved money from your property cash flow to install a surround sound system in your unit, would that increase rent enough to justify the expenditure?  

Could someone please help shed some light on this grey area for the uninformed please?

You may need to use a commercial loan take may adjust after 5-7 years but they should be able to put more weight on the property's financials and accept your income.Adam