@Skyler Flintall I think the easiest way to understand Cap Rate is that the cap rate is simply your rate of return if you paid all cash for a property. 

What are some of the best books on explaining the terms of real estate simply?

This is inevitably going to cut into the bottom line, but usuing an experienced project manager for your first project is going to teach you valuable lessons instead of having to learn the hard way. 

I would advise you simply allow the tenant to go M2M on the existing lease if there has not been any issues. 

Cut the grass, trim that huge bush/tree in the front, put a couple flowers in pots near entry. 

page=5Bonus for the weekend, my collection for starters (read the comments too, and then if you like the author, go check out what else they wrote):- https://www.biggerpockets.com/renewsblog/stages-of-investing/- https://www.biggerpockets.com/renewsblog/newbies-learn-real-estate-investing/- https://www.biggerpockets.com/renewsblog/5-ways-to-know-youre-not-ready-to-invest/- https://www.biggerpockets.com/renewsblog/ideal-vs-desperate-investor/- https://www.biggerpockets.com/renewsblog/how-much-to-offer-property/- https://www.biggerpockets.com/renewsblog/hazardous-attitudes-of-investors/- https://www.biggerpockets.com/renewsblog/2016/05/31/21-traits-scammy-real-estate-investment-guru/- https://www.biggerpockets.com/renewsblog/youre-not-cut-out-to-be-real-estate-investor/- https://www.biggerpockets.com/renewsblog/questions-new-investors-should-ask/If that's not enough, ping me and I'll give you a whole collection of blogs and podcasts to follow.Bonus 2: 1) Read at least one hour per day every single day.2) Remember the quote by Jim Rohn "You are the average of the five people that you spend the most time with."3) Check for toilet paper before sitting down.

From my research into USDA agriculture sites and other forestry guides, it appears that average clear cut harvest yield per acre for 15-20 year old southern planted pine is approximately $1330/acre. 

I have a 3 family deal under contract.The buyer, who is a seasoned investor, wants to purchase the property with Bank Financing.Based on my understanding, in order for us to close, the bank will pay the seller $XXX,XXX and the seller will then need to cut us a check.

I would simply call other banks.

: Lower Your Small Business Taxes and Tax Savvy for Small Business: A Complete Tax Strategy Guide Twentieth Editionlegal and insurance - Every Landlord's Property Protection Guide: 10 Ways to Cut Your Risk Now (book w/ CD-Rom) and supplement with Every Landlord's Legal Guide (generally speaking Nolo has a good collection of books)property management - an excellent resource is The Book on Managing Rental Properties: A Proven System for Finding, Screening, and Managing Tenants With Fewer Headaches and Maximum Profitentity start and maintenace - Garrett Sutton's Start Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them (Rich Dad Advisors)  and Run Your Own Corporation: How to Legally Operate and Properly Maintain Your Company Into the FutureAnd here is a set of questions to help you judge if you maintain your corporate well:How well have you separated yourself from your business?