I agree with Jared, you just haven't found the right company yet. It is not illegal to buy a house and resell it immediately. There are however companies that do not like to do that as much. You need an investor friendly company.
Do not go to any of the companies that use stuart title for insurance or chicago title and you will usually be ok. Most of those comapnies do not do double closings without a lot of disclosures.
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