If not than most states have on the State's State Department Website (or something similarly titled) a list of banking institutions who are legally registered as banks in the state you're in.

I feel that I keep on losing out on deals because I'm too paranoid of the legal side of starting an LLC or corporation with someone.

However that didn't include the 3rd party of the tenants.

i believe it is legal ?

So is it legal in CA to restrict payment to Check or Cash? 

I want to Wholesale but I don't want to get into legal trouble.

I do not have any legal entities.

Matthew,Please feel free to join us for REIA-NCI annual Christmas party on 12/13 at Eberhart golf course starting at 6pm.

That's ammo for answering the NEEDS of the seller, and added awareness of any potential minefields you'll be stepping into if other parties who have made offers know something you don't.

Also I believe legally in L.A you can only rent out the house a certain number of days since city has been restricting short term rentals .Guess I’ll be interesting to see if the house sells for more than the comps in the area .I live in L.A and it doesn’t seem like celebrity owned homes necessarily sell for more but I don’t know if this is different .