As you already mentioned, it is a guideline.

This is because other investors will take that risk, gambling on the borrower's repayment of the loan as the foundation of their return.

Most of the properties needing rehab do not qualify under conventional guidelines.

I don't know if all banks will have the same guidelines.

This is gambling and not investing.

And without really knowing what the income and asset situation looks like much of the advice will be speculation.For the future properties, Fannie/Freddie loans guidelines allow for more than 4 but some lenders do not grant the same rule.

If not then I would assume that you would have to go through the normal eviction process based on your local/state guidelines.

This is going to be my second deal and I'm confident in the deal I just need the assurance that I am doing things within the guidelines of what a wholesaler should do to make this easier on me and convenient for everyone in the transaction.

I've read a few threads that talk of the difficulties in finding properties in SoCal that cash flow or meet most of the "rules" and "guidelines" of BP - some investors steer clear of this market.

So if my assumptions are correct, then I can apply similar guidelines for analyzing other turnkeys.