I see a lot of both kinds of deals and frankly am an advocate of both as long as you go in with eyes wide open.

I have not read that wholesaling is illegal in the state of CA, for if it were, then it would be widely known and not allowed by any escrow, title company, or real estate attorney involved in a real estate closings.As far as education goes, there are a number of BP podcasts to listen to and books to read, to help gain the knowledge you need to grow and succeed.

It can vary WIDELY between lenders some times with this type of lending.Some other common differences between the two loans:Appraisals – Conventional loans will always go off of “sold comparable properties” (or comps).

I'm a newbie to BP, but it seems there's a wide demographic: people who have never owned a piece of dirt and don't know what an appraisal is to those with hundreds of millions of dollars in experience.

The range can be quite wide ($100-$300) as well. 

They use a national property manager, and their pricing patterns are very obviously using the widely used “pricing automation” software. 

It’s funny you mentioned this and I have not thought about it.. my wife and I was talking how we could buy land and put a cheap double wide on it (something cheap we can pay in full, $10,000ish) and in our back yard we could slowly start building the dream house we wanted. 

Analyze the numbers if wide range to figure out why.

Lot size - are they big enough to put new 14 wide trailers in?

Do you have a estimate on a complete rehab of a 2 bedroom 1 bath single wide under 60 feet and 16 wide?