Landlords are just an easy target with no effective legislative/political representation. 

@Chauncy Gray this is a legal question so you should really form a relationship with an attorney who mainly practices real estate and ask her/him this question.That said, I’m not aware of any such limitation existing at this time.I would recommend (as a layperson speaking generally, not someone giving legal advice), that folks who “wholesale” have a bond fide interest in purchasing, and ability to close on, every property that they sign a P&S contract on.My limited knowledge of other states is that wholesalers have gotten into trouble, and promoted legislation regulating their activities, when they put things under contract without the intention or ability to actually close on the properties.If that’s the case it’s not hard for someone to make the case that the “wholesaler” was really just connecting a buyer and seller and getting paid a commission - basically acting as an unlicensed real estate agent in violation of the laws regulating such activities.That’s also the reason that I avoid “co-wholesaling”, or deals where there are multiple wholesalers involved, like the plague.

Look at any other major metro that has a similar make up of industry/ culture/ legislation.

If you're transparent from the beginning and use the proper contracts I don't see an issue with it as long as your local legislation agrees with that.

Here are my concerns with that market.1) I can feasibly see the market I am in be legislated out. 

Changing legislation continues to make me nervous about short terms.

I think there needs to be some new legislation about these taxes and/or out-of-state investors. 

With how competitive it is here in Maryland, and it seems how most markets are, our niche seems to be highly  distressed, damaged, dilapidated buildings which most people pass up.Wanted to emphasize to anyone else out there getting into these that it's all about having the right people around you- contractors, inspectors, lenders, local legislators, property managers, attorneys, title companies, and for Maryland having someone that is a lead inspector is huge and make sure they are experienced!

Lots of private equity groups are raising capital for distressed property funds and there is an appeal of SFH and affordable units as defensive in downtimes.Smaller landlords (who overwhelmingly own the bulk of <5 units) will get the squeeze if legislation to save renters doesn’t address them.

It is scary how little these legislators know about our business but how ready they are to pass laws that will decimate it.