I think some of the IRS rules on Capital gains and conversion between rental and personal property that I have been skipping over so far would likely also catch me on that plan though. 

Most agents will encourage the client to reject your offer if they catch on that you intend to wholesale. 

The catch is that to qualify for this, your interest rate must be lower on the house after the IRRRL, which is a pretty sweet deal.

@Jeremy Phillips You are catching me in the midst of a discovery process -- well before any necessary paperwork and other logistics are setup to create a solid HML structure.

I've sold $100M+ & there is a zero 0% chance you'll catch me driving buyers around town.

The catch is there is $250 fee to submit the application.

@Eric Lui Thank you so much for catching that!

It is intended to prevent price gouging anywhere in the state where there is increased consumer demand as a result of the declared emergency.“ As for what is the worst case scenario that could happen, I suppose being criminally charged like the landlord in this story: Novato landlord charged with price gouging as prosecutors scour for cases after firesIt’s too bad the Housing Authority didn’t catch it before they approved your request for the rent increase.

The law of averages catches up on property loss.Personally I have seen loss / damage of investment property; due to fire on vacant investment property (which was under renovation) with reconstruction cost of about $55,000; tree branch falling on roof (occupied property) that made to replace roof for about $13,000; water damages...... 

I’m not sure the situation but someone did in fact throw a Molotov cocktail at the other side of the adjacent house , which thankfully did NOT actually catch on fire!