To clarify -- strictly wholesaling & flipping...I've got the waking up down Bill, lol, just interested in a successful, proven business model/routine to follow on a weekly basis.

The MLS and realtor boards might have regulations about how a listing reads, but regs aren't law.

Each state has their own RE laws and regulations, so it's good to get familiar with them.

Owning an animal appears to be a disqualifying matter.Now, we all know what you mean, but if qualifying matters must be disclosed by law there's a twist there the way it's stated as a qualification.You're two years more strict about a bankruptcy.

I was hoping for a fund that is strict but easy to manage as far as filings, taxes, etc.

@Jonathan StoneAs I understand the rules and regulations I have to file a permit with Tillamook County, and have an inspection prior to listing.

Try to find professionals who are experienced with seller-financed home transactions—and who have experience where you live, if possible, because some relevant regulations (such as those that govern balloon payments) do vary by jurisdiction.Professionals can also help the buyer and seller decide on the particular agreement that best suits them and the circumstances of the sale.

I just know it takes a lot more research into zoning and city regulations.

Also be aware of strict screening limits and enforced process for screening (first in time) and that its likely we will lose even more rights around screening - our local city councilperson who has been pushing for (and getting) all these regulations has now decided that FICO score is 'inequitable'   (using a different word than they did) and they are pushing to ban that from screening. 

You bring up a great point that a lot of investors miss because they focus strictly on cash on cash returns.