I believe most states if you actually read the statute of what activities necessitate having a license most all of wholesaling would require a license in most state.. contract flipping what have you.Our state is on the war path against private lenders ... in Oregon you need an NMLS license or a broker to do your HML on any 1 to 4 unit regardless if its owner occ or not. there is no such thing as a commercial purpose unregulated loan like many states.So you have all the licensed HML turning in the bigger private guys who under cut their rates... they will watch at court house.. they will pull deeds of trust to see who the benies are then make complaints and the state will follow up and will issue cease and desists.

Tenant turnover will also necessitate time needed for screening prospective tenants and showing the apartment. 

In the past, the insuring of properties that the private market would not insure due to their inability to get reinsurance on it due to the risk of the property (hurricanes) necessitated the creation of state funded regional insurers.

This zip code would not necessitate a very high end reno but rather slightly above grade for family renters. 

The risk associated with financing almost necessitates a cash offer.  

Adding a person to the lease does not mean the rate changes but allows you to screen the person; but they are also adding a pet, which may necessitate more deposit and/or pet rent; the vaping is just a reminder for them to tell the child - NO. 

Hi @Justin Wroblewski, the only exception to the one year primary residence occupancy requirement that others brought up is if something came up that you could not have reasonably anticipating, necessitating your move. - Mom living in California just got diagnosed with Stage 4 brain cancer, and you want to be there with her for her final months, will work. - You decided you wanted to increase cashflow because you want to be a real estate investor, will not work.- Anything in between, best to check with a lawyer.

There typically needs to be some extenuating circumstance that necessitates the price change - like a change in the scope of work or an error on my part in estimating the job.In the past few days I have quoted on 8 different jobs.

If you insist on staying or squeezing me for money, I will hand this over to my attorney to not only protect me from your unfounded charges but to seek reimbursement for the floor replacement necessitated by your negligence.Please notify me - in writing - of your intentions."

Anything over 2 units necessitates that rule.