You will be restricted to a conventional mortgage with a high down payment, not to mention a higher interest rate.Properties with more than four units are considered commercial properties and do not qualify for conventional or government-backed financing such as FHA or VA loans.How to Finance a 2-4 Unit PropertyYour next step is to identify the proper financing for your property.

As I said, the high bids have been great deals but they never get selected as "winning bid" due to reserve restrictions and it kind of discourages you.  

Hi Haider, As for wholesaling deals on the MLS... really not something that I would make an attempt to do with the deed restrictions and also with the fact that properties bought on the MLS in this area most likely will not have as much room even with a cash buyer.

Some of the deed restrictions are actually on the plat! 

The lender might be still in "sales mode" and you may not be aware of all the underwriting requirements need to qualify or restrictions on use.  

The proposed rules would require these intermediaries to: Provide investors with educational materials.Take measures to reduce the risk of fraud.Make available information about the issuer and the offering.Provide communication channels to permit discussions about offerings on the platform.Facilitate the offer and sale of crowdfunded securities.The proposed rules would prohibit funding portals from: Offering investment advice or making recommendations.Soliciting purchases, sales or offers to buy securities offered or displayed on its website.Imposing certain restrictions on compensating people for solicitations.Holding, possessing, or handling investor funds or securities.The proposed rules would provide a safe harbor under which funding portals can engage in certain activities consistent with these restrictions.

Some will have deed restrictions that will prevent you from wholesaling the property (at least traditionally). 

Leveraged IRA/401k investments don't restrict your personal ability to borrow.

Are there any restrictions to flipping or wholesaling a Fannie Mae homepath home?

. , seems like this maybe indicative of future dealings.It is not uncommon at all to restrict a potential buyer who has not submitted an offer and is not in contract to purchase to limit their inspection of the property to vacant units.