Also ask them if you would be allowed to build driveways out to that resort road.Lastly you will also want to check building codes to see if boat storage or any of your other ideas would even be allowed.The other thought I would consider if this is a resort area is Airbnb the log cabin.

When you speak to them over the phone during your prescreen, you can mention that LA city code has a limit of 2 people per bedroom per unit.

@Christopher HelwigCo-mingling funds and using the LLC as an alter-ego are surefire ways to pierce your corporate veil and lose your limited liabiilty protection, the main purpose of having a LLC.If you want to "consolidate" your activities, I would transfer Title from yourself to your LLC (same or new one which is whole different discussion) and simultaneosly refi into a commercial loan since legal entities are not eligible for residential lending (hopefully you aren't "frankensteining" it).Hope that helps. 

These are professionals with additional training and a stricter code of ethics.

I also want to start investing, and from what I've been learning from the podcast, books, and other sources, I believe the route I'd like to start in is wholesaling.The QuestionIs there any rule in the REALTOR® Association Code of Ethics and Standards of Practice that would prevent a REALTOR® from participating in/conducting wholesale deals?

Another property in a commercially zoned area, currently used a a SFH, was also shot down, because the property would need to be brought up to commercial codes.

But to answer your question the upgrades to current code will probably be your biggest problems.

Southeast WI covers a large area--what cities or zip codes are you focused on? 

After some google searching I'm having hiccups finding free "official/legal" leases for Colorado that I can alter and use for my tenants.

Which neighborhood or zip code did your realtor identify?