Last thing you want is something missing, or tenant accusations... 

If your intentions are to flip real estate - the only money you need is for advertising your controlled property (to find the deal and to liquidate it)- that should be no more than $2,000, maybe $100 consideration on your contract.......Unless you are going to go to settlement first and than flip the real estate paying unreasonable transaction costs.Do you have the needed skills to accomplish what you want to do -- like it or not - flipping houses has a bunch of moving parts -Power prospecting - where are you going to get your leadsNegotiating - do you know how to control propertiesHybrid offers and joint ventures with sellersUnderstanding contracts is important - will you use a long form or a skinny contractAssignment clauses - will your agreement have all the property and self-serving clauses in it.Built-in extensionsFind the assignee and closing the deal - do you know what the proper procedures are - will you collect your assignment fee in advance of closingAre you ready with the what if (s)the assignee backs out and wants his money backthe seller won't come to settlementthe seller wants out or wants more money - he is angry because you made too much moneythe title company will not cooperate because you don't have legal titleauction - will you flip your transaction using the auction methodan agent wants a feethe seller accuses you of operating as an agent without a license you run out of time on your contract, you are in default - the assignee wants to sue you for misrepresentation there is a fire before settlementyour forms; contracts - assignment - disclosures - required by law are not in order - can you defend your positionif you go into a deal and spend $5,000 and it won't close due to judgments the seller forgot to tell you about - what nowSorry for all the negative What if's........ but we are dealing with people - they are complicated sometimes - unreasonable - and litigious most of the time.So be aware - flipping houses, commercial properties, businesses with real estate and non-conforming real estate is not as easy as some would have you believe ---Money - is not the answer -------- systems - techniques - formulas - negotiations and education is!

A tenant can say and accuse you of anything, but when it comes down to going to court, a Judge can't force you to renew a lease agreement when their contract is over with.  

When you factor in that most MLS deals involve brokers then there is far less ammunition to accuse people of taking advantage of other people.

Somebody wanting to sue for you backing out of a bad deal or accusing you of selling them a property with defects like unknown termite damage).

Appliances need repairs,landscaping and prevention of bug infestations.leaky faucets and toilets need repairing,HVAC problems either whole property or just individual units.Always somebody with a problem that wants to accuse you of being a slumlord.

If you move forward without this, you won't find out there is a problem until there is a problem (borrower fails to pay and you have to foreclose, or borrower accuses you of something and takes you to court.) 

Once in Waxahachie a tenant accused someone on my crew for stealing his pot.

I would make sure to have a witness along when you enter the home, as you don't want anyone to accuse you of stealing the money under the mattress or whatever.

My wife always accuses me of not getting enough and starving us.