But unless you are going to roll out an expensive and intensive marketing campaign...

I have started a Craigslist ad campaign and the Local newspaper Real Estate classifieds and I almost closed a deal but it eventually fell through.

It a good lease IMO and already accounts for all renters are responsible for the entire rent, restricts subleasing w/o owner permission, etc.

Your right mary I havent been looking as hard as I should I saving now to do some direct mail campaigns and a few other marketing avenues.Delon im in central ohio so definately there but i have the freedom to explore other markets if it makes sense.

You potentially can run into a deed restriction such as with Fannie Mae foreclosures but I would concern myself more with the exit strategy. 

Mine, somewhat to my surprise, does not restrict German Shepherds.  

The HOA bylaws/covenants will generally have basic requirements.....minimum SF, set backs, architectural styles, etc. which serve as deed restrictions. 

You better be looking a couple of times a day at the market, or have a very aggressive marketing campaign or network the crap out of our local community because finding deals is almost a full time job around here!  

There are investors here that are buying properties off the MLS, but the majority of them are running their own marketing campaigns to find leads. 

If you are going to start by wholesaling, I would recommend talking with @Jerry Puckett about some marketing campaigns!