If it literally says "must close with lender x," and not "must cross-qualify with lender x," or "we will offer you an incentive to use lender x," then I'm going to go out on a limb without knowing your state laws and say that it's probably illegal.

The upper unit is occupied by a student, the lower unit is a family.

New to BP, wholesaling/investing and need to breakout my fear and comfort zone...I attended East Wyoming REI meeting, Than Merril seminar and purchased a webinar but still haven’t managed to make my first deal.I’m looking for meetups  in the Philadelphia / upper Darby area for wholesaling.Any suggestions?

- overhanging limbs- Fire fighting response time/amount of water that they can bring to the siteThere may be other state specific issues.

The entire deal is for $213,750 for an upper and lower that can probably fetch $1100 and $950.So anyways, we moved forward in the transaction and the bank noticed on the appraisal that the lot division was not how it was disclosed.

I can stay in the place I'm living in now for a month or two after I purchase the property, but no more.Also, when analyzing properties that advertise a rent range, what are the best ways to charge the upper bound of that range without starting off on a bad note with the tenants (whom I will be living with and self managing the property).

Agree 100% on owning both; let me go out on a limb and say, what if investors spent the same amount of time with stocks (not funds) as they do with real estate? 

.* Get a realtor to put you on daily auto-emails of properties listed at Price/sq ft 70% or less than area average price/sq ft and/or with motivated sellers keywords like motivated, TLC, invest, potential, opportunity, bring all offers, short sale, as-is, seller financing, owner carry, desperate, must sell, fixer upper, handyman, rehab, repairs, problems, issues, foreclosure, REO, bank owned, distressed, probate, death, estate, etc.* REO lists (BP has one, HUD has one).

Looking for upper C- class to lower B-class neighborhood. 

The Upper Midwest, as with much of the nation, is tough for high ROI STR - the data reflects this.The highest revenue tends to come from the Southeast US, Colorado, Utah, Arizona, California & Hawaii.More info here:https://www.biggerpockets.com/forums/530/topics/744029-vacation-short-term-rentals?