You also need to know a lot about lending including proper and safe loan to values, contracts, deeds of trust, etc. having this knowledge will help you keep your investor's money safer.While this may or may not be right for you, you may want to think about doing a hard money loan on your first deal with a REPUTABLE hard money lender as they will only lend on a safe deal and somewhat be your second set of eyes on your deal.

I have no idea where to start here or what a proper arrangement should be.

That same notice language must be included in the newspaper foreclosure notice.If the notices are done properly, the redemption period is only 180 days, not one year.

Give him proper notice of lease renewal terms and that signed paperwork must be completed by XXX date.I'd do a condition sheet walk thru and update that as per your ownership date, any prior damages or condition is no longer the tenants responsibly, it's from your date of ownership that the condition of unit apply s to security damage deposit.Follow your state landlord tenant laws and your area may have a landlord association that has legal forms for leases that you could obtain. 

An option doesn't grant an equitable interest in the property, but only to the contract, you tax issues will apply to an installment sale and if the lease-option is not properly devised (and chances are very good it won't be) you'll trip the installment sale matter if the deal is for over 12 months and taxes will be owed.  

This move out statement needs to be mailed to tenant within the proper time period for your state, so check landlord tenant laws for your state.

Make certain they check the outside part as properly and how frequently they check the exterior part.

Further - I have heard (again, hearsay from a broker) that in order to properly wholesale the wholesaler themselves must be able to execute on the contract (EG: must have the financial means to close).

You should probably read up on how to properly dispute it so that it's noted on the credit report.Not sure what you're asking regarding a renters credit.

Find/Get local professionals that are willing to help you and has experiemented in what you do as Team members for you and make sure they understand your goals and how they react to them.