And while I truly believe real estate investing is the most rewarding and lucrative path, I'm also not so naive to think that it couldn't turn into a bone yard with over regulation or whatever, leaving one with only those options developed early in life to continue on.

I was wondering what laws/regulations are in place for wholesaling in california.

The banks are audited and regulated on the state and federal level depending on how their charters are set up.They have to show the loans are underwritten with extreme controls incase of a default so they don't lose their jobs or worse face indictments for mismanagement of a bank.Some Canadians choose state here where TD bank branches are located.

The degree of difficulty is very similar to a real estate license for agents, but doesn't cover RE aspects in detail.What you get will be the regulations pertaining to residential loans, Reg Z, TILA, RESPA and disclosure requirements.

Any implication or threat of ED to a land owner is regulated at the state level and often federally if that entity is tied to federal funds toward any project.

I would know that they (hopefully) understand all the rules and regulations and would have more confidence that were not going to involve me in something shady by accident (or design!)

i guess the pros is you have access to the MLS and pretty much can pull comps by yourself. the cons would be you have a lot more on code of ethic, regulation, and law to comply vs. no license

And further: "asking for forgiveness" from a South Florida HOA or Condo Association usually gets you added legal fees for the " repercussions" of " Skirting" the Community By-Laws and/or Rules and Regulations.

I'm wondering why I paid 3 lots of taxes when there are only 2 units and there is only allowed to be 2 units under zoning regulations?

A private lender (someone you personally know) is still subject to the regulations for residential loans.Even if you manage to get some "invisible" loan that doesn't show up on your credit report, it will still likely be a problem for the other loan.