If we're in a bar, and I borrow $10 from you and I scrawl on a napkin that I'll pay you back $15 by Tuesday, you and I have developed an unlicensed, unregistered security.

Here is how I define lenders & yes I know it's imperfect because there are plenty exceptions.1) Institutional lender: banks, hedge funds, insurance companies etc.2) Corporate lender: Hard money lenders, licensed individual or corporate entity, usually using warehouse lines, or pooled & syndicated money lend.3) Private lender: unlicensed direct lender, a retired landlord, friends, family, neighbors, professionals, business owners, or executives with discretionary funds.

Consult one soon, do not take online advice from unlicensed people.

Photos, copies of police reports, repair estimates, etc.Regarding the PM, they may be using licensed & insured contractors vs. unlicensed and/or uninsured handyman.  

If your property manager unknowingly violates fair housing laws, for example, you are easy prey for a prosecuting attorney because you knowingly hired an unlicensed person.

I'm not a fan of wholesalers - especially those that are unlicensed and make their living by stealing equity from sellers who are uninformed or so desperate that they have to take a bad deal to get out of a jam.Well, here's a real life story of one of those situations. 

Unless @Avi Bohorodzaner you are using an unlicensed Contractor and are providing all the materials.

Since he’s using an unlicensed guy, it’s kind of the Wild West there.

The Agency is well aware that unlicensed “wholesalers” are rampant in our jurisdiction.

The red flag to me is that you are signing the contract with the unlicensed guy and not the licensed supervisor.