First thing is to get through school with as little debt as possible.  

Mario, while it can be difficult to find someone interested in the kind of arrangement you describe, you also may not be legally entitled to any rent for a residential unit that does not have its own certificate of occupancy.  

I have been warned about giving out too much information about the property online, as there are laws providing that tax debt can be paid in some states, by 3rd parties, who then can require up to 2x the amount in fees in adidition to repayment of the taxxes.

Whether he fills out the application or she does, it seems he still needs to sign it himself for the background check to be done legally.

Check the legality of this in TN first!

In order to be a binding legal contract both parties deliver something of value.  

If you are looking for a money partner (either debt or equity) then you'll need to be able to answer these questions along with many others.  

How can I take legal action to evict him out of my new home as well as claim the Security deposit back to me since of breach of contract on the rent back.

@Charles S.The 50 % Rule States: That 50% of gross scheduled income (GSI) goes out over time to cover expenses not including debt coverage.The 1%, 2% and the 50% rule is meant to act as a quick analysis tool, to insure the deal is actually deal.

Wholesaling is definitely not as prevalent in Canada and there are certainly not as many foreclosures / bank owned homes as the USA As for flipping, strategies those can be fairly similar such as the 70% ruleTaxes and legal stuff is different as well The concepts are similar and the strategies can also be similar