I am at a stage now in the development of this business where I am trying to make sure I am following all the federal and state (Wisconsin) regulations of wholesaling real estate.My question to the community would be, what are some free and/or very inexpensive legal resources that understand this type of real estate business.

Insurance is pretty regulated, you can look up any insurance company at your state website to ensure they are properly licensed and formed.

Lending money requires knowledge of contracts, state regulations, licensing requirements, real estate process, etc.

There is no strategy that is so unique or informative or secretive that someone with a bit of creative thought, one with logical thinking attributes could not figure out having a good command of basic real estate practices.Now, I'll yield to marketing, yellow letters, advancing and promoting yourself, phone systems, the generic business stuff that is not really so much an issue in RE, or such hardly regulated areas.

That's a highly regulated field.

Current federal fair housing regulations presume that an occupancy standard is acceptable if it is no more restrictive than two persons per bedroom.

Here's another:http://digonline.org/wp/wp-content/uploads/2010.09.28-Residential-Rental-License-Ordinance-CLEAN.pdfhttp://www.pottstown.org/DocumentCenter/View/103And another:http://www.phoenixville.org/PDF/CodesAndZoning/Ordinance%202150%20Rentals.pdfAnd another (search for "Regulating Residential Rental Properties" to get to the actual regs in the next link):http://norristown.org/code-enforcementhttp://ecode360.com/11550738And you can expect more of the same, as these towns like to copy-cat what other places have enacted."

My husband's career just happens to be one that is moves a lot and suddenly PLEASE PLEASE make sure you follow all government regulations to the fullest extent of the rules.

I WOULD qualify, if they counted the $25,000-30,000 rental income the house produces, but I have heard from two companies they will not count rental income for owner occupant loans.Is this standard Fannie regulation?

Most will give you credit for the bonus income so long as you have consistently received it over the last 2 years and that its likely to continue.As far as getting pre-approved via a credit union or a bank, keep in mind that credit unions are regulated much differently than banks and mortgage bankers, so they typically dont have the depth of programs and cant go to as high of an LTV on the purchase as a bank or mortgage banker / broker can.As far as 4 units being tougher to finance.