People are litigious, and there are plenty of slimy lawyers.

If you turn their lease into a month-by-month, at least in the year you plan to sell, can't you just give plenty of notice and nonrenew the lease?

If you don't, then you're just inviting trouble. 

Although there’s still plenty of RE gurus slithering around, so there’s exceptions to every rule. 

I live in Murray Hill and there are plenty of homes around me in my own neighborhood, no need for me to leave where I live. 

There are plenty of less risky deals out there, and there will be plenty of houses with foundation issues once you've gained experience.

There are plenty of BRRRR posts and blogs on BiggerPockets - search for them and get reading.There's also a BRRRR webinar that David Greene hosted not too long ago that you can access if you're a BP Pro member. 

You should also protect yourself with plenty of homeowner's insurance coverage and possibly putting the house in an LLC/trust.

You will have plenty of support.

@Seth KnoppI have filled out plenty of them.