In a state that a lender can get a deficiancy judgement if the deal goes through foreclosure the client can get their credit trashed and end up with a big fat judgement against them.. ( state specific).the reason your probably getting buyers that want to do this is because of all the online notoriety currently like Pace Morby who is huge in the space and the legions of students and followers and then to a lesser extent there is BP's own Sub to Guys..

Reading comments and your specific feedback, it looks like i should have gone for a bigger investment property or properties with DP instead of all cash.

I'm inquiring about the legality of the transaction. 

Hi Everyone,I'm currently on the lookout for reliable wholesalers that service the Southern California region, specifically Los Angeles County, Orange County, Riverside County, and San Bernardino County.

@Manuel Mungaray What's the question specifically? 

.- 203(k) Loans are for Owner-Occupants- You can't use a 203(k) loan, legally, if you're planning to rehab/rent(not live in) the property.- The Cash Out Refi Seasoning Period is 12 Months.

I was able to get a good deal on the house I was interested in due to this fact but it’s a half done flip/reno so there’s a lot of work halfway started throughout the house. 2 areas in particular I’m unsure of what to do with is the walls and attic, any suggestions or ideas of how you would be finish would be greatly appreciated (adding links to specific products are a bonus lol)!

True, However if you evict and you don't have it, they'll give you a short time to get the clearance, then they'll put an injunction on you, Legally preventing you from re-renting the property.

I do spend time there @Chris Watson, but I wrote a specific algorithm a years ago the scrubs the internet for data I input.

Feel free to DM me and I can get you more specific data.