But, I can tell you that I consistently have clients and potential clients come to me with unfortunate situations involving lease agreements (sometimes found on the Internet) that are simply not California compliant or unenforceable.

It simply unlocks or locks the door by actuating the bold lever.You can also purchase a wifi hot spot from a cell phone company and use Ring or another security camera to actually view them while they are in the property.

Knowing these numbers would help in determining the potential profit? 

In some cases, simply disturbing the item risked causing an explosion.

That would be a good way to determine for yourself what "rule of thumb" percentage turns out to be for your area if you do a hypothetical with some assumptions on those figures.

How do you determine if you lease month to month vs 1yr?

@Chris DeSisto As I suspected.....”equity” is not required to have an “equitable interest”.....that would be determined by the exact type of contract, and state laws.

Simply put, I told everyone I knew about my plans to start investing in real estate.

Could simply put that amount toward a secured bank of america credit card.

You need to determine what you want to accomplish.