The only way that this would be possible is if the transaction was not listed on the MLS which in most cases would require a client signed waiver (since the MLS wants to have all possible listings, it typically prohibits agents from listing off MLS unless there is a waiver signed by the client).Listen, I'm not saying that banks care about MLS rules or that ultimately they dont get their way 99% of the time, but I am saying that you are 100% wrong in your assertion that the rules don't apply to banks.

I especially valued hearing how he author has worked through logistical complications that were once super prohibitive for out of state investing (in, paying contractors and ensuring sound work is done).Thanks for this helpful tool!

I doubt you would be able to use the same closing attorney if the lender's closing instructions prohibit second position liens.

We prohibit any type of commercial use of the property.

You could probably carve out 2 more lots but you'd have to go over wetlands and put in a road which would be cost prohibitive.

This looks like a prohibited transaction to me.

@Jason HodgeThere are ONLY TWO LEGAL ways to "wholesale" in FL1. buy and then resell2. be licensedUsing contracts to circumvent licensing has been addressed in the statutes and IS prohibited. 

I purchased the property initially under my name as it was a HomePath investor loan which prohibits lending directly to LLCs.  

Not sure what state your in but Tn prohibits commission share with non licenses. listing agent usually has a 3% commission split with buyer agent.

It's really a shame because apart from this issue the duplex is a wonderful property with tons of potential but the price for aquiring it as it stands makes it prohibitive to sink another 12k into it for rewiring.