While there are laws protecting tenants, just make sure that your property is covered by increasing a deposit or stating specific items in the lease that would leave your house in 'rentable' condition.

My agent and I worked out a template contract, then he could just copy that for each offer and fill in the offer specific items in just a few minutes.

If the Attorney is experienced in that area working on that specific item, I would tend to believe in what they say as an Attorney. 

@Chris Oligee you need to do some high dollar marketing to find such specific items.

I follow along with FL Realtors, BiggerPockets daily emails/blogs, and I have Google alerts for FL Real Estate and a bunch of other specific items to keep news flowing to my email inbox.Many free options to keep the knowledge coming.

If the answers are any of the following:1 - More than I have in seed money, or too much to recover within a year,...or...2 - Not enough profit to fund my next move, so my seed money remains unspent, ...or...3 - Not enough to pay for a specific item per month as required by my Plan,...I pass on the deal.

I'm hoping other BP-ers will chime in on this specific item ($20K properties).4 - I like @Kody Crouch's suggestion to house-hack in Colorado.  

The question is: any specific items or red flags I should be looking for / have my contractor and inspector looking for and focusing on during the inspection?

All you need is one national tenant to contact you back so you can negotiate 9 specific items for their LOI such as amount of TI and free months, as well as corporate guarantee etc.

My goal is to confirm specific items in the construction costs as well as items such as financing fees / placement fees / working capital / etc.I would appreciate any advice on having these items reviewed.