Either way, do not sign a 12-month lease.

I didn't sign up for the advance courses.

During the Maverick Investment Group webinar, ABC Baltimore made the following guarantees that were also in our final contract with ABC Baltimore-1) If the rehab takes longer than 120 days, the seller (ABC Baltimore) will pay us a rental guarantee of $1400 per month.2) If the house after rehab is completed appraises for less than our total purchase price of $106,000 then the seller will buy the house back.Assured by these guarantees in the contract, we signed the contract for $106,000.

In a few of the states there is either a form. you must sign or an application that your escrow closer must file in order to exempt from any state taxes or withholdings that might normally be collected at sale . 

For the typical wholesale the steps are really just fine a deal through marketing, have them sign a wholesale contract, have an established buyers list and send it to them, get a buyer to sign an assignment of contract agreement, and when you close you get paid out your fee from the title company.

Incorporate what if you die, what if you or a partner want to sell how do you value, opening bank accounts, contract signing, etc.  

First, the tenants signed a legally binding contract and do not just get to walk away on a whim.

You'll just have them sign the contract so they are locked in with you, and the homeowner doesn't turn around to try and sell the house to someone else while you are working with the bank.

If there are clear signs of negligence (kid throws down, paper towels, food, fats) then you can get the invoice from the plumber with the notes and present it to them. 

Find a renter, qualify them, move them in, collect rent, oversee repairs, re-sign leases, move them out, turn the unit, rinse and repeat.