@Tyler Gums Before you jump the gun on anything, explain to BP what wholesaling is and the step-by-step process to it.

It is unfortunate that you acted prematurely but I don't believe you can hold the lender or the loan officer responsible unless you were specifically told to remove the contingencies.  

I have already sent them an official formal email letter notifying them that  one of them terminated the lease prematurely. so they all are at breach. they haven't left the house in the same condition when they moved out.

This may be a little premature on the "success" side, but thanks to the support from BP, the BP community, friends, and family, I am now racing down the path of buy-and-hold rental property and becoming a landlord.  

What I don't want to do is give them notice prematurely since I will then be stuck carrying two mortgages at the same time by my self.

All your questions are very premature base on your self education.

You can walk and chew gum at the same time.

Or to not wait the length of time to get full tax benefit and sell and incur tax prematurely and unnecessarily.  

I tell everyone starting out--- get a card (no annual fee), and buy a pack of gum every six months, pay it off,   and each year ask for an increase.     

I am sure I aged prematurely on the first deal, but I sure learned a lot.