Michigan Wholesaling

[Nate Miersma]

Michigan Investors: Can anyone tell me if there are laws, statutes, or other forms of regulation that prohibit activities related to wholesaling in Michigan?

For example:

Are contracts legally assignable?

Are simultaneous closings prohibited or otherwise not done by title companies?

I've seen a few articles online that reference a Michigan law that restricts investors to selling 4 houses per year - is this actually tracked/enforced? This could be prohibitive for anyone doing real wholesaling, as well as anyone with a scalable business model that wants to get 2, 3, 4 houses going at one time, obviously selling many more than 4 annually.

Thoughts?