I did not mention, but I am meeting with my banker this week, and I will also be meeting with an Attorney so that I do comply with any laws and also form a good business model.

I've never rented or anything like that, I'm just beginning my real estate journey, and I don't even know where to go to find out things like the laws and rules of renting or where I can file contracts.

I have heard A LOT of awesome things about McFarren Law in Tacoma.

Maybe nothing has happened since the law is still a year out and people think something might happen. 

Check your state laws on how long a landlord must store a former tenants belongings.

Good luck with that.Bottom line:  If you want the protection of the law, follow the law.

Leases are governed by state law and you need a lease that is specific to your state.  

This is torts territory, not contract law.

And some commercial brokerages have fill-in-the-blank contracts of their own as well.Once you get to larger transaction sizes you'll start to see the letter of intent used for offers, followed by formal purchase agreements written by your real estate transactional law attorney. 

Currenty, I am in law school currently (it’s not cheap), so I am concerned about my debt to income ratio.