Welcome to the site Jonathan.I'd suggest you follow through on the rental plan & scrap the wholesaling junk.

The forums, the ability to follow others, and other features would really be beneficial to what I have in mind. 

Looking for the following:-Flooring contractor-HVAC contractor-Electrician-Siding contractor (has asbestos shake siding now)-Window personAny and all recommendations would be appreciated!

We require proof of insurance before move in or we automatically charge them for additional liability insurance which is not refundable but can be cancelled the following month as soon as we receive there proof of insurance.Yes you should be listed on the policy so that you not only receive proof of insurance from the insurance company but also notices of renewal or lapse.

Any ideas for accounting systems for doing the following items...- propety management-construction project management ( both flips and rental remodels)- paying w2 employeesany advice is appreciated.thanks!

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

I'm second guessing some answers my CPA gave me recently and wanted to run the following questions by others who specialize in real estate accounting. 

I want to make sure i follow protocol to prevent any trouble.

If the answer is indeed - active and want to deal with tenants, that I'd advise to follow @Anthony Gayden advie and get into multi-family!