What you need to do is see what the laws & regulations are with wholesaling in your desired state. 

Recent discussions in Bloomberg and the Yale Law Journal shed light on the challenges posed by traditional zoning regulations and offer insights into potential reforms that could benefit co-living arrangements.Zoning Laws and the Definition of FamilyTraditional zoning laws often define "family" in narrow terms, typically limiting residential occupancy to individuals related by blood, marriage, or adoption.

It wasn’t easy—there were tons of repairs needed, from plumbing and electrical updates to cosmetic fixes like flooring and painting.

(End)Unfortunately, HOAs are often ran by individuals who are not the most knowledgeable on regulations, accounting practices, and more - and property managers do not want to intervene for fear of losing the contract. 

Based in Tampa, I have a lot of knowledge in Pinellas County rules and regulations as well as best practices/highest returns. 

There good ways to navigate the market between the 5 counties, 2 states and many different HOA regulations.

We source and purchase all finish materials for our projects (lights/plumbing fixtures/etc). 

Or like California a RE Broker like myself or Consumer finance license all which are regulated by the state .

“This needs a new roof, the plumbing is outdated, and look at these cracks in the foundation!”

Look up 'Margin vs Markup if you're curious.)So if my Plumbing Sub-Contractor gives me a bid of $20,000 for your project, I will not tell you that number, I will just have a price of $25,000 for plumbing on your Bid/Proposal.Note: It does come out close to even for you........my plumber gives me a steep discount because I give him $100k worth of work each year......