If you don't accurately budget for these phantom expenses, you could be thinking your getting a cash flowing asset but in reality, you are getting a property that cost you money each month due to  these unaccounted for phantom expenses. 

Correct, its a none issue IF you do it right , Its made into a big deal when in reality its nothing major.

I love this site, but I think it promotes the idea that real estate done right is a sexy proposition -- owner financing, BRRR, off-market deals, blah blah blah.In reality, it's quite simple.

It was a very sad reality to me but I left that arrangement with him owing me a lot of money.

I'm sure if you put the time and money in to Bosch's course it could work.The simple reality though (as @Scott Morris noted) is that there are many high quality land courses out there that are either free or inexpensive.Almost every one of the several multi-seven-figure land flippers I know has taken at least one course.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

The reality is most tenants are not as low risk and therefore should have better margins.  

Experience is key for sure - but there is also the reality of LPs needing to allocate capital and the number of experienced operators available to invest with will likely be smaller than the LPs who want to invest.  

The issue of 1 person in FL, another in TX, that's just this modern world of remote location for workers because reality is they don't need to all be physically sitting in a cubicle in CA to do there work. 

These people throw up a website and think they are business owners, when in reality they are thieves, cheats, and abusers. thank you for your time.