A Wholesaler technically has no oversight and nothing to lose in terms of licensing if they disregard the best interests of any or all parties.

You are technically killing two birds with one stone by checking on the property, tenants and also collecting rents.

We take over the property on a Subject2, season the tenant, then technically you could Lease option it out (their new loan pays off the old one).  

To be clear, I am condoning the search and exploitation of LEGAL loopholes to stay technically compliant while still serving your needs.

@Adam Geike they're called bandit signs because they're usually not technically legal.

Sub 5 unit is still technically residential and investors won't focus as much on cap rates or gross rent multiples.

Not showing up or responding when I'm trying to pick out tile and paint makes me unable to do my tasks as well, which I am doing to help move things along (technically I shouldn't have to do anything and just sit back after funding).Keep in mind I've done nearly all the demo, helped pipe conduit, directly managed clean up crew and roofers, sanded the wood floors, etc.

If anyone is interested in the technical data and process, message me and I will send it. 

Hi Friends, I have seen some 4 unit homes in Bayonne, all have one duplex.I was just wondering why all have one duplex, why didn't they made it 5 unit home, even though both floors of duplex have their own kitchen , living room etc, so technically they could be two separate apartments.My concern is if I buy such building and convert it into 5 units by converting duplex into two units..what are expenditure, legal issues and  procedure..Thanks in advance.

@Tariq Bahay, eh, technically them maybe but I would probably just eat it this time and make a note to ask that before I sent the repair man out next time.