If the statutes do not address your question, then the case law very well may give you the answer.3) make sure any case law answer to your question applies in your jurisdiction.Note about jurisdiction:Jurisdiction means a certain geographical area (for this conversation anyway - there are times when jurisdiction doesn't refer to geography.)The size of the geographical area depends on a number of factors.

No explanation.

For what it's worth here are my observations.........1- 80% of the information on investing in real estate being sold ranges from totally worthless to incorrect and or possibly illegal2- another 10% might work under some circumstances but either the recipient of the information needs a much more educated and experienced background than he is led to believe or the circumstances regarding the success of the method being sold are limited to a certain geographical area or a certain type of market3- the 10% of information that has value requires work, dedication, persistence, education to be used successfully.4- Certain types of individuals can self study utilizing free information available online and learn as much or more as any program or course will teach them5- most gurus are not currently successful using the methods they teach; they may have once been successful in a particular type of market or in a particular location, but they are not currently utilizing the method they teach successfully.

Why would LA not be a viable geographic location to wholesale houses?

@ J Scott: Thanks for that explanation.

I've seen some various explanations of this on the web, so hopefully someone here can point me to the true answers.

Are you geographically mobile?

see this link for an explanation including rents received:http://www.biggerpockets.com/forums/52/topics/65109-does-rent-from-primary-residence-reduce-my-debt-to-income-ratio?

Include the amount and schedule of your expenses, dates of departure and return from the trip, the number of days spent doing business, the details of the places you travel, and an explanation of the business reason for the travel.

I mean, we could all just chug money into our 401k's and let Fidelity or whoever control our retirement... most of us are willing to do the extra work of being a land lord or RE investor to boost our returns... by that same token, why wouldn't we be willing to be a bit more geographically mobile in our investments to further boost those same returns?