It is simple math so don't over complicate things. 

Like anything in business, it can be complicated, but you CAN learn and understand it.Another (not exclusive, but potentially supplemental) way you can limit the risk is to get an umbrella insurance policy on your properties that will protect you by paying out for covered liabilities in the event your property incurs them.  

Procida is talking about are apples and oranges.. he is describing due diligence on very large complicated projects..

It just overly complicates things for no benefit.  

Many aspects of real estate just aren't that complicated.

I wholesale about two houses a month as well as we rehab as well,  I have never made it this complicated for anyone to buy from me, apparently your mentor told you to do it this way, dont know why, If you have good deals, thats more than most people, now you just have to figure out how to get them sold, you will work it out if you presist. 

There are ways around this but they seem too complicated for my taste.

Rents can be adjusted by an addendum as to profits, but that is complicated for such a small operation, a set minimal amount might be fine.

Many people think it's a lot more complicated (or they MAKE it more complicated) than it is or has to be.All successful investors do is find people with a problem and find or create a solution.

Dont forget you can also use your IRA to buy rental properties at an arm lengths transaction deferring gains for years it is a a little complicated but not too bad