I'm concerned that without a new signed document from both parties when move out time comes I may have no recourse if there is damage that happens from this point forward.  

Lastly, look at the disclosures that should accompany it.

Could you guys take a look at my spreadsheet and let know if you see any areas of concern? 

I would be concerned about a property manager who didn't have their own properties. 

As far as the rents are concerned, I would figure in property management as part of the costs and either pay yourself or an outside management company. 

If you can find the note along with terms of the ARM loan as far as adjustments are concerned, you should be able to calculate what the adjustments may look like.

This was a major concern for me.

Since I've not yet actually pulled the trigger (as I wait for the AI verification process to be completed) I'm also interested in whether anyone has taken larger positions on deals that have smaller minimum investments (hope that makes sense).I'll admit that the feedback about many deals getting fully funded in just  a few hours is of concern.

Consume everything u can on BP concerning wholesaling.

If you really still concerned or overwhelmed with a lot of the knowledge that comes your way because you might not be familiar, talk to a RE lawyer you trust.Basically, the more you network, the more you build rapport and the more you build trust among peers, the longer and wider the road to success will be.