You alluded to the "bad" interpretation, as this would be pointing to an oversupply situation pushing rents down.

Again that's my interpretation..of course I could be wrong..

Shalom Luis,Jonathon is right in his interpretation of the law in Texas.

I help underwrite, interpret data, regulations, and have a pulse on what makes an STR the first click in a sea of other listings. 

Ill let you interpret what way im referring to.......

@Michael Quarles not sure what you interpreted to be "whimpiness".

The validity, interpretation, and performance of this Agreement shall be controlled by and construed under the laws of the State of California. 20.

As to the OP and our legal poster, obviously can't interpret licensing law, I might just call the IL REC and ask if I can go wholesale, just t make sure.There are ways of wholesaling, but I'll stick to my guns, not one single guru, coach or mentor teaching wholesaling with sale contracts is compliant, on the legal or ethical side. 

It's open for interpretation, but if it went in front of a judge, they would look at the reasonableness of the situation. 

The Big Short was obviously a dramatic interpretation.