These laws require full written disclosure to both the seller and buyer in any wholesale transaction involving residential real property (defined as property with fewer than five dwelling units).Key Restrictions and Requirements:Mandatory Disclosure:Wholesale buyers must disclose in writing to the seller that they are a wholesale buyer before entering a binding contract.Wholesale sellers (those assigning a contract without holding legal title) must disclose in writing that they hold only an equitable interest in the property and may not be able to convey legal title.No Real Estate License Required: You do not need a real estate license to wholesale in Arizona, but you cannot act as a real estate agent or broker without one.Advertising Restrictions: Unlicensed individuals cannot market property they do not own.

If the exit mechanics aren’t clearly defined up front, these deals can drift and create tension fast.This tends to show up more in secondary markets with local owners who are asset-rich but liquidity-constrained, especially where bank execution isn’t straightforward.When it works, it’s less about clever structure and more about clean incentives and realistic assumptions on timing. 

Many carriers will define sewer back up as different than overflow.

Sometimes the math favors taking a defined loss over carrying an open-ended one.5.

.- Understand the potential CapEx expenses that will be unique to each subject property by determining the life-left of components that will need repair or replacement in due time.- Run a cash flow analysis.

A good deal is entirely what you define it as and what your long term goals are.

Defining your buy box early will help you filter opportunities and stay focused as you grow your portfolio.

So from the conclusion that I’ve made with analyzing multifamily properties in Exeter is that the “house hacking” strategy works however well you define a successful house hack.

If property type matters more, then the homes tend to need work or be farther out from the core.It can also help to clearly define what move-in-ready means for you.

Consider defining your Buy Box, as this will help in adding clarity to your acquisitions.