Lack of fee transparency?

In some cases paying off a car or credit cards can actually hurt or lower credit scores due to a lack of credit or no revolving debts.

I think when you hire a PM you have 3 choices 1)  A very small local provider (<15 units) and they tend to me 1-2 person operations, they are the one unclogging toilets, answering guests, etc and it is tough to do everything, so things lack. 2) A large/nationwide provider where you are only a number and they usually lack local resources 3) A mid size local provider who have resources and you are not just a number.Through effective revenue management with a revenue manager, and being listed on 15+ sites including Marriott Homes & Villas, JetBlue and Allegiant Airlines, Hyatt and Amex Travel (coming soon) we are bringing in more revenue than most can self managing, offsetting our fee.One of the top questions I tell people to ask their manager is the fees, who keeps them? 

Lack of signed off permits may be to my benefit should things turn nasty. 

The contracto I used needed baby sitting and the attention to detail was lacking so half way through the reno I was more particular and communicated my expectations clearly and ofter Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

They are doing other construction stuff around the house that does not need permits and the quality of work is lacking in some areas.

Lack of cash / over leveraging sounds like the concern from what the post states.You could flip but you need to know the market your are flipping in and time line rehab is going to take.

I think people struggle to own homes due to a lack of steady income which leads to foreclosures or unable to pay rent.

Since there is a lack of regulation, many lenders may change the final settlement statement once all is said and done, which can result in a higher rate, more fees, and/or a reduced LTV.

There's a lack of a reality check.If you're looking for quick money, expect a quick downfall.