Unless there is other evidence that can be provided to show otherwise, Florida code does not restrict proper wholesaling. 

I considered installing a security camera in the laundry room in order to see if anyone was overloading the washer.

Plumber is very expensive, and if they encounter/expose to any pipe that is not to code, they can make it very expensive.

Ideally, I’d be securing and managing all aspects of the financing and he would only focus on the construction aspect.

All the best securing that first deal. 

All the best securing that first deal. 

Maybe a loft above a garage or a carriage house if the lot/local codes will allow it. 

You might even have some friends or relatives who have cash sitting in a money market account earning less than 1% interest, if you offer them 6% secured by real property that could be a win-win for both of you. 

I'm fairly familiar with the zip codes of Memphis but lack a bit on the street-by-street knowledge. 

I would appreciate the opportunity to see what you have when you secure it.ThanksJohnny Napier