I'm one of the few investors on here (or at least it feels like I am) who is 100% anti- flipping and wholesaling because they take way too much time and effort.

Because interest in a trust is personal property, the agreement, if written properly, does not violate the lender's anti side-agreement clauses.

AG Cooper unravels Triangle real estate bid rigging scheme (See also North Carolina Real Estate Speculator Pleads Guilty to Bid Rigging in Real Estate Foreclosure Auctions)This recent Page 1 NC REC article http://www.ncrec.state.nc.us/bulletin/pdf/May2012-Vol43-1.pdf cited a 1998 group of colluding and buying, who were eventually convicted of Sherman Anti-Trust Act violations.

I have read of the FHA 90-day Anti-Flip rule being waived till Dec. 31 of 2014, but thats for buyers who wish to use that type of financing to purchase a home.

Risk Based PricingLeasing (includes option for Regulation M) HOePAMore recently:The Patriot ActOFAC (originally passed 1953 for very large banks)Anti Money Laundering (Rule modification by the US Treasury on 2/12 to be effective 9/12 for not only those who lend, but also for those who sell manufactured homes.

Lastly those craigslist guys are anti-establishment.

Is this possible or does it violate the HUD anti-flipping rules?

If you wanted to create a different product with a different strategy then there will be different price points to reflect the different levels of risk, variability, and return desires you want.You run into risk purchasing a bad turnkey, but people also overlook you run into risk trying to do it yourself and that is my fear sometimes when people are 100% anti-turnkey as I have seen more people get into trouble trying to do something themselves when they really didn’t understand what they were getting into.

The property has the following points in the public records:- Mold - no report- foundation issue - no report- cut out and treated wet sheet rock - no report- basement was cleaned anti microbial - no report- City assessment : 498kwhen I saw the property with my realtor we noticed that in the 1st unit which is a finished basement - I was able to see that they cut the wall and it smells pretty bad (like mold).

@Brian Gibbons Kinda of what I figured, but I didn't want to let him go down in flames so fast.