Considering the fact that it is already occupied and earning $2200 a month, my only other question that you didn't mention in your post is:- are you taking out a loan? 

Just remember that wholesaling and flipping are active income, which means time spent for dollars earned.

They might be a great avenue for you to learn from (while earning from)!  

Although an increase in rate will slightly decrease the affordability of homes and reduce the potential cash flow of levered investment properties it will be positive for the overall economy and especially the banks. 

I was in the Wholesale HVAC/R for 16 years tired of listening to stupid people earning damn Good money talking about flipping house's I figured if they can I definitely CAN ......Soooo I quit my job a few weeks ago and jumped in with both feet I gotta make this work because I have all my friends and family  thinking this is the dumbest stunt I've ever tried to pull off.

They earn 3x+ in income, no felonies, no evictions.The credit score would normally mean I would deny the application, however the cause is due in large due to a divorce, in which they were still on the mortgage.

I would very much like to earn your business as it helps me drive sales for my company, but at the same time allows for me to give you guys; those who need to put appliances into their rentals, flips, and homes the chance to get a great deal on those needs.

In the case I am sued, how can I protect him from being named in anything or his earnings at risk?

I work in the financial industry and understand well sometimes it's much easier to grow your profit by reducing costs on existing business than it is to land new business at current margin rates. 

Okay, I've researched, researched researched ,spoke with loan specialists etc. and I'm on the right path to get started, but felt it would be wise to ask the BP community of their experience in hopes to be gifted with their knowledge so that I can better correlate between research and human endeavor.So I DO NOT earn 6 figures and therefore I've lived well below my means to save everything I do earn to begin my buy and hold path.