In addition, RESPA prohibits fee splitting and receiving unearned fees for services not actually performed.Violations of Section 8’s anti-kickback, referral fees and unearned fees provisions of RESPA are subject to criminal and civil penalties.

@Shaun ReillyYou make great points, human nature can cross all boundaries and classifications.I agree with a lot of the anti-wholesale crowd in theory, there's a lot of amped up, unregulated newbies with dollar signs spinning in their eyes that are being unleashed upon unsuspecting citizens.

My fear with RI is exactly what you note (high taxes, anti-business, etc).  

@Annette Ammarell  I am not anti college education at all..

There are anti-fraud issues where some lenders will ask a seller for a verification, but that isn't relied upon for underwriting. 

That can happen with any RV if you don't invest in a simple anti-theft device and leave the home unoccupied for a long period of time.  

That saves budget for anti bed bug liners.

I can let you know if it's ever been inspected and what to look out for.MA real estate laws say that you can't rent to a family with kids under 7 unless you have a lead certificate on file with the state and the anti-discrimination laws say you can't not rent to a family because they have a kid under 7 (even if it's because you know there's lead paint), so they basically made it so that any rental with more then 1 bedroom has to be deleaded.

Oregon has very strict anti equity skimming laws.. if accused of that and found guilty they make you walk the plank.. along with civil penalties.when buying a pre foreclsoure it can be done you simply cannot:1. rent back to the family that is losing it. ( which I think is pretty stupid)2. you have to share profits with them and are limited to how much you can make if you flip the house.3. you have to be a licensed foreclosure agent to work with them or have one rep you in the transaction.   

Not sure but I think CA has some pretty stringent anti equity stripping laws.. you may want to verse yourselves on those prior to sending out solicitations..