Although I don't have many students, I can provide some feedback on your questions.1) September 1st lease start date, possibly August 1st or August 15th to line up with the school year would be my suggestion.2) 1 Year lease should be sufficient.

High quantity of responses doesn't mean quality.

The seller said that it wasn't like that when they moved in (the baseboard) so I would think that is sufficient enough since it was obviously damaged after they moved out. 

A wholesaler is a middle man that buys in bulk and sells in smaller quantity.

You need to focus on QUALITY not just quantity.

Except for the forgoing Borrower may pay all or a portion of the amount earlier than it is due.I have cash (due to sale of a property one of the LLC's owned free and clear) that is sufficient to pay down 3 of these mortgages. 

Many times partnerships are formed because these banks and financial institutions will require someone with a sufficient net worth to write the loan.  

None of this works unless you can ensure you have high enough profits to service the debt and sufficient liquidity to manage unforeseen events. 

The seller needs to agree to this if they want to sell the deal.Be prepared to show proof of funds sufficient to cover whatever down payment is required, plus working capital.If the seller still refuses to provide the tax returns, rent rolls, leases and any other docs the lender asks for, wish them the best of luck in selling their deal and go find another, because without those docs it's not going to sell.Good luck!

(Refinancing should give you sufficient capital to jumpstart making more passive income.)