I get what they are trying to do here, preserve 2-4 unit properties and discourage deconverting to SFH. 

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.🔥 Here’s a preview of the agenda:Mastering the Art of Choosing Syndication Investments with Brian Burke (Limited to 50 attendees—extra fee applies)2025 Market Update: Trends Shaping Passive Real Estate with Brian Burke and Jeremy RollLessons Learned from a Challenging Year with Paul Shannon, J Scott, Jim Pfeifer & Tyson MillerAdvanced Tax Strategies with Amanda Han and Matt MacFarlandInvesting with Self-Directed IRAs with John Bowens from Equity Trust Company Live Pitch Slam with LP Panelists: Paul Shannon, Chriz Lopez and Jim PfeiferPlus, network with fellow investors during interactive sessions and build connections at sponsor-hosted dinners.

That makes sense that the lenders would want skin in the game, but what I'm wondering is for a 60k-80k total deal, it seems like lenders are wanting 40-50% of the total loan.

When I attempted to do a similar flip in another county in Texas, where I was unfamiliar with the nuances of the area, my “slam dunk” deal ended up as a $40k loss!. 

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I wonder what would have happened if you just used a friend/family members US mailing address.

Seek out local real estate groups to get an idea and network around local regulations.

Quote from @Jerryll Noorden: Quote from @Jon LaBorde: I’m a few days away from starting my first marketing campaign and I was wondering if anyone could tell me how many leads I need in order to get a wholesale deal, my first month I’m starting with SMS and cold calling and I’d like to reach about 10,000 people and I’m nervous that I should be trying to reach more.

--You can get a "great deal" buying property in Alabama, or Oklahoma...