I help underwrite, interpret data, regulations, and have a pulse on what makes an STR the first click in a sea of other listings. 

Ill let you interpret what way im referring to.......

@Michael Quarles not sure what you interpreted to be "whimpiness".

The validity, interpretation, and performance of this Agreement shall be controlled by and construed under the laws of the State of California. 20.

As to the OP and our legal poster, obviously can't interpret licensing law, I might just call the IL REC and ask if I can go wholesale, just t make sure.There are ways of wholesaling, but I'll stick to my guns, not one single guru, coach or mentor teaching wholesaling with sale contracts is compliant, on the legal or ethical side. 

The Big Short was obviously a dramatic interpretation.

This breaks it down a little bit better for interpretation...

How would I contest this interpretation of the bedroom rules?  

Chris - very clever interpretation "reverse engineer the algorithm".

The prepayment limit is definitely a gray area in Pennsylvania, its open to interpretation, some DSCR Lenders will originate with PPP under $301k (2023 limit), some wont, some also will do full prepayment if 3+ units.That being said, most DSCR Lenders will allow loans with no prepayment penalty, the rates and/or closing fees will be significantly higher though than if with the standard 5/4/3/2/1