Also, check with your agent, I’ve been curious but haven’t investigated yet but seems like I heard the city has some landlord rules or regulations that may need to be considered.

@Liz Fisher, biggest thing to watch out for is the rules and regulations for STR but in a vacation area like that it shouldn't be an issue. 

Wholesalers need to be licensed and regulated.

It's time to put a cold hard stop to wholesaling without strict enforceable regulation and licensing being put in place in all 50 states. 

Unfortunately, much of the control over your property has been wrested from you by the state and local government. 

Also, I checked with the  Dept Real Estate Regulation and Enforcement, They had never heard of a "tort".

These are less regulated than a REIT structure (think: less expensive and more flexibility to set terms).  

He told me you had to pay a bribe to get a government job every month you kept the job. 

Just make sure you know the rules, if you are going to get a cash out refinance with a GSE (Government Sponsored Entity) like Fannie Mae.

And to the topic of unaccredited vs. accredited, unfortunately those working within the federal regulations are accepting only accredited investors, whereas those who are going intrastate are able to take retail investors from within the state that their projects are located.