The annual inspections are good I think, as it gets the tenant cleaning up and keeping things proper in the unit.

A shipping container home if properly anchored easily alleviates the problem (provided proper windows are used) of wind resistance.

A thorough response as always.I have my own take, and as any attorney will say, this is not legal advice...For the asset protection purposes you need both (1) insurance and (2) properly structured company for litigation protection, an LLC/LP/etc.Insurance protects your from nuisance that occur on the property; i.e. slip and fallThe company structure protects your assets from litigation liability; i.e. gross negligence (health and safety, alleged known hazards, fraud in the sale of the property) as well as someone getting to your assets by suing you personally (e.x. you got into a car wreck that exceeded the coverage of your policy, now they can go after your assets)The due on sale clause is often a concern, but me and my colleagues view it as a very low risk for a number of reasons.

If you like the numbers in the property, buy it, after you get it properly inspected.

Attorney fees are expensive to properly set up the structures, and a poor structure is barely better than no structure at all.

No, mostly safety-exposed electrical, trip hazards, properly functioning electrical/plumbing, etc. and wood rot, peeling paint(sometimes) functioning kitchen appliances (only if they are present-not required), etc.

Of course you will need the proper disclosures and what not, but a lot has to do with what you are charging. 

He even went as far as to  properly install a tin roof in order to have that as one less expense in the future.

For rental condition, make sure everything is clean and functional (and safe) and has amenities similar to those in your area and price range.... no need to make it look like HGTV after shots...Some of these items you list sound cosmetic and it may fair well in your rental market as is or with just some minor fixes (again, I would look at similar units for rent (not sale) in the area to get an idea if formica and older carpet is the norm in your area and price range...)And I would simply look at temporarily blocking off or restricting the fireplace use, clean the carpet, tack on the molding.

Wholesaling is considered a gray area judged on intent, long story short Some brokers & lawyers are for it with the proper disclosures and while other brokers are against it no matter what.In any case, I'd suggest you join a local investment group of some type and ask around for agent recommendations or hopefully there's a PA agent here on BP that'll answer this for you.   2.