Flipping newbie question about deed restriction...

[Leonard Fisher]

Does the one-year-wait restriction (upon completion of renovation work) apply to homes paid for by cash and NOT financed, or are some deed restrictions applicable to homes sold to potential flippers irregardless of the source of purchase capital? Does it depend on the county or are there federal rules that pertain to this matter universally?

For the sake of discussion, assume that anti-fraud flipping guidelines are being adhered to religiously and the home being purchased is very low in cost, needing much renovation work, paid for in cash and not in a neighborhood with strict HOA guidelines.

Thanks in advance.