That said, you will find hard-money lenders are not as common and some of the ones you may find are not terribly regulated (caveat emptor).  

Again, you would need to read the regulations carefully. 

He states:There is no specific law or regulation I can point to – it is a statement that I made based on my understanding of how the ERISA laws and regulations work in conjunction with the Internal Revenue Code. 

Based on surrounding municipalities, I think the taxes and fees are higher and they property maintenance department is very strict. 

Since these loans are so heavily property underwritten and more flexible on the borrower, they have strict local economy standards to mitigate their risk.  

There are a lot of rules and regulations in Pinellas County but the areas that do allow them do very well.

Maybe we should start a new investment club strictly for wholesaling and see what comes about

Demos, Wholesalers are basically like realtors without license, guidelines, rule or regulations.

I just looked up the laws up there and they seem pretty strict.

Not a single bit of federal or state legislation anywhere regulating a bit of that industry and every person with a pulse is buying gold for "investment" like they were buying "investment" houses in 2004.