I rented the then illegal basement suite and rented a room to my girlfriends which allowed me to live there for free.

This property had a very nicely renovated main floor, an illegal basement suite and a heated oversize garage.

This property had a very nicely renovated main floor, an illegal basement suite and a heated oversize garage.

The house has 3 bedroom and 2 bathrooms on the main floor, a separate illegal basement suite with 2 bedrooms 1 bathroom in the basement AND an oversize double garage with a 1 bedroom carriage suite in the backyard.

But, you'd get the exposure to the transactions. 

Half of our company mission statement is “we value relationships over transactions “.

I personally have used brokers in all of my transactions and it has worked out great. 

I am curious if wholesaling and me having my RE license (on hold) would be considered a conflict of interest or illegal?

I don't know if that meets the legal definition for being a booby trap, which I believe are illegal everywhere, but I'd talk with an attorney about it.You might consider a few "junkyard dogs", again with highly visible signs and attorney consultation. 

Fire caused due to illegal tenancy in basement may void home insurance coverage (i.e. stoves are not permitted in basement)2.