Once you get it mutually executed and deliver earnest money promptly to open escrow (and pass attorney review in some states, pass a grace period in others) then you’ve entered into a legally binding agreement, and not before.

In Michigan all I have to do is take a 3 week class, pass a test and pay some money.

You only have to complete a 63 hour online course and then pass a state exam.

From some of the stories I see it should be mandatory for landlords to be drug tested:)I will pass as long as they don't test for caffeine!

Since the home is in a R1 (single family home) zone, I couldn't close with that lender unless I got an exception from the county or connected the units from the inside so the home would pass as a SFR but I already had renters in both units. 

their income individually or combined must be 3 times the rent on a monthly basis regularly and you must verify everything on their application.Previous landlords can tell you if they were good tenants or had constant late payments and/or faced eviction.they also need to pass a criminal background and credit check.

Why not just pass a bill asking to raise taxes for schools?

The tricky part is that you A) can no longer use the cash flow as income and b) The property must pass a self-suitability test.

I'm looking for anything that could pass a 0.8% rule deal five years from now (I'm speculating on future appreciation).  

And just like the legion of folks that wholesale they are all beginners only far less knowledgeable than most beginner agents as agents at least had to pass a knowledge test and understand the laws.