Marketing it as an MTR might be a good alternative so long as Sacramento doesn't also regulate MTRs.

I am hoping people start to realize what a gem Virginia Beach is and we get some more industries moving in, some changes in regulations to draw businesses into Virginia I think would really blow up the area.

If this property had been in one of the areas zone for more density they would surely have done a normal "Seattle six-pack" of 0-lot-line townhouses but instead they short platted 2 lots to still in effect end up with a six-pack even though in an area not zoned for it, at the cost of having to sell units as condos and deal with other ADU limitations (e.g. 1000sf limit).In 2023 the State mandated Seattle-style ADU regulations across all urban growth area cities/counties, going even a bit further (2 of any combination of attached/detached allowed).

If “wholesaler” (used in the sense of contract flipping, not people who close on purchase and resell) were required to disclose in writing to home sellers that they are not purchasing the home, are only trying to “flip” the contract, and the sale will only close IF a buyer at a higher price can be found, would this eliminate the need (if a need does exist) for government regulations being enacted and or for “wholesalers” to be licensed real estate agents?

What laws/regulations should new investors generally be aware of? 

Be aware of local regulations and potential restrictions on short-term rentals in the Tahoe area.Property Management: Decide if you will manage the property yourself or hire a property management company.

I'm familiar with the SEC rules & regulations, and have multiple attorneys review everything I say & do, to keep things very black & white on how we discuss fundraising. 

If you want to be completely certain, then you can dive into the zoning regulations and make sure there isn't a maximum amount of un related individuals living in one residence or specific bans on ADUs without enough lot size.I hope some of this helps!

In addition, in accordance with the regulations made under the Consumer Credit Act, if your loan term is greater than 12 months you will pay an additional 30 days interest.

The steps, licensing, regulations and everything are much much higher on option 1, however obviously would add a larger target market