There is a very big difference from a legal perspective.

Hey Bruce, I share your perspective. 

However, a few things I would suggest to give you a better perspective is: 1) Talk to property management companies in the area to see if they operate in the area and/or have comments on tenants in the area, 2) Speak to a few banks to understand how they would lend on this property, 3) Scan Zillow/craigslist and other listing sites to understand the rental market for listings...

For reference, I am speaking from a long term rental perspective.

I do not offer quick cleans or reoccuring services, so my perspective is from providing high quality tesults. 

I'm not going to regurgitate the excellent info these guys provided as they're all very experienced, I just want to provide a slightly different perspective.

What to look for, pitfalls, protections and contingencies to have in place for the investor perspective aand from the wholesaler perspective.

What to look for, pitfalls, protections and contingencies to have in place for the investor perspective aand from the wholesaler perspective.

You will meet people from different walks of life that will give you different perspectives on real estate investing.

I would start with reading Rich Dad Poor Dad, it's a good tool as it will shift your perspective on money as well as teach you a lot of tips that helps other wealthy people stay wealthy.