A-town has become a full rental market and investors are just grabbing them up and reselling them overpriced.

Many brokerages are independently owned and operated so you need to check with yours.Yes, wholesaling is legal because you purchase the property, then resell it.

I used a 10% off coupon + paid in HD GCs which were purchased for 85% on the dollar on gift card reselling websites. 

Just make sure you buy it for a price below what you can resell it for.

One of the main advantages is that they DO keep them 'in house' so play by a whole different set of rules than those that 'resell' like a traditional 30 year fixed loan. 

Once this dust settles they will not resell for what you purchased it for so be mindful .

@Carter CrowleyWhen you purchase a property and resell without doing any rehab -that's a wholesale.When you get a property under contract and sell the contract - that's an assignment.2 very different strategies that are both fabulous!

You then resell it.It is the same as any for-sale-by-owner and perfectly legal.What is not legal in every state is assignment - getting a property under contract and selling the contract.But wholesaling is legal everywhere.

Have you thought of living in it immediately while you improve it (to either rent at market rate or to resell)?

Yes correct I am aware of some of the banks contracts about restricting on reselling x amount of days which is why I'm asking the question about quitclaim during closing.