Some cities in MI have this but there is always the alternative that if you do not live within X distance you need a local rep/manager or person for them to know about and be able to call.  

I have an appointment scheduled with a rep next week.

If you're not a REP you're going to be limited to 25k.

I cleared $10k on my first one.We ended up clearing $30k on the second one.The last flip was very stressful for my wife and she wants to keep our finances (HELOC) out of the next one.I am going to look to find a financing partner to cover the carrying costs of the next flip.On a $400k house (average for my area), the total investment would be $85-$95k and would be paid directly to the lender and subs/suppliers, not to me.I can bring the lender, as I have a good rep with the one I use.I will do all the rest.

So I had to call it off or risk getting a bad rep with the other realtors not too mention losing far more money.

REPS was actually an incentive purposely put in the law to encourage real estate economic activity.Regarding your question, it is my understanding you would not qualify for REPS, but if you have a more aggressive CPA, they might be willing to make the case.

Realtors already have a bad rep in most cases, being transparent and honest takes me a whole lot further.

Are you or your spouse a REP?

I am going to hold my current comments until after I meet with the rep. 

@Heather Hall your title rep or customer service rep can pull all the recorded FHA and VA loans recorded 2020-2021 when rates were under 3% Be super careful with the VA's they are a protected class in 9 out of 10 cases and recent overturn in VA mods indicates those in trouble will end up in court.