For instance, require that all tenants be approved by you first.

I still have lots of questions and have been reading every book that has been talked about in the "Famous Four" to further educate myself but need to establish connections and hope to gain advice on these forums as well as attend networking events in the near future.Eventually, I would like to get into buy and holds, however, this seems a little advanced right now and is a little more complex.

You cannot contract for illegality; you cannot contract for confession of judgement; only in some instances can you contract away your rights. 

Story 1: A perfect timing I could never dream ofCharlie Munger had a famous quote saying "You make most of your money in a bear market, you just don't realize it at the time".

For instance, what is the normal cap rate for the local?  

As evidenced by the fact that a number of people are getting elevation certificates that are proving they are above the flood zone in certain instances.

For instance, you let him out of the lease on Feb 28 and find the propane tank empty and leaking pipes on March 5, that leaves a question as to whether it was him or you that caused the problem.

For instance, you should be paying for maintenance if things break, as per your state landlord-tenant law.3.

For instance, if you have a great paying job that you like then why be a wholesaler?

For instance, if you have a fee for early termination specified in your lease, it may hold up if the tenant challenges it.