In addition, both cities seem to require owner occupancy in perpetuality.  

Spouses even have 2nd families that they keep secret from the respective spouses.We all have a stereotyped image of someone with $9 million, riding around in a chauffeured limo, but real life is a little more complicated. 

I guess I should let those stereotypes stand though, makes for less competition.

Get to it and start that perpetual motion machine on up!

That is important, because, as I understand relo ordinance, they can simply decline to renew and default to mnth to mnth lease into perpetuity. 

I really don't want to fall into the typical stereotype of the newbie who wants to wholesale and then flip and then accumulate rental properties, even though that is true I want to solely focus on wholesaling for a while and really master it.

After being burned by tenants that get behind and never end up paying and lead to eviction I now state in my lease that we start the eviction process the day after the rent is due, but I make sure that is clear form the beginning and if they fail to pay then we charge a late fee and start the process of eviction based on my states requirements.The reality of the matter is that if they don't take the rent out of their paycheck then they most likely wont pay the rent, if they do then they are borrowing money which will put even more financial burden on them and make it less likely to pay on time the next month, or they are waiting until their next check to cover the rent and then will have a hard time catching up in order to pay on time snowballing into perpetual late payments.If you really think about it allowing a tenant to get behind on the rent ends up hurting the tenant, you are not helping in any way.

Profits moving forward are split 50/50 in perpetuity.4.

I to, am that stereotype.

@Michael Randle with ground rent someone owns the ground (fee) and they lease the land for 99 years renewable in perpetuity.