If this strategy is the clear winner, then the follow-up question is which market to start studying? 

I started to study the Kansas City market, and although I found the older neighborhoods charming (and dirt cheap), with their small town America feel and huge lots, many of the schools have terrible ratings, with the basic test scores in the pits, and bullying and disrespect for teachers rampant (tho that's pretty standard now). 

Baltimore has some really friendly tenant laws and I wanted to know if anyone has the "golden" language to solve that issue. 

I imagine you've spent plenty of time studying on how to analyze buy and hold properties.

Here is the proposed language (which I do not believe has not been run by a lawyer and seems not totally thought out...)

I would challenge you to study his approach and would explicitly recommend you adopt some of Dave Ramsey's techniques and mindset about getting out of debt.Best of luck - stay on BP as a contributor and gives us an occasional update on your progress.  

The language is deliberately convoluted and tedious and to get the most specific information about fees I was told point blank that I had to call the 401k company. 

I have been studying/working hard to land my first deal in northern NJ but keep getting beat out by cash offers on cash flowing deals.

The specific details are very dependent on state law and the specific language in the lease.

(See The Long-Run Relationship between House Prices and Rents for one example study.)