Been following them for a long time on BP and my comments above absolutely  do not apply to them.I know that REITS, because they are available to the general public, aren't as sexy or may seem less sophisticated than private placements, but with the amount of regulatory scrutiny, mandated audits, compliance requirements, board of directors, etc., the chance for widespread fraud or shenanigans goes ways down when compared with private investments.

A supportive regulatory environment will encourage investors and non-investors to enter the market. 

Yes, he does gloss over or ignore regulatory aspects.

I don't want to answer questions at 11:30 p.m. on a Friday, or deal with upset neighbors or regulatory bodies or cleaners or handymen or keypads gone awry, etc, etc.I had a property manager tell me that I have a few big faucets, and he has a bunch of tiny faucets.

Remember with regulatory fines, you are guilty until proven innocent, and not the other way around like in a court of law.

Banks/financial institutions/servicers have regulatory bodies that hold them accountable for the proper and appropriate servicing characteristics of their portfolio.

There are so many laws and regulatory agency rules which role up in the what's considered law, that prevent most of the more common tactics in wholesaling. 

true self insurance actually means that you set up a mineature insurance company for yourself (or your company)  you get licensed with your states insurance regulatory office and you actually pay yourself annual insurance premiums that go into a totally separate account and you don't get to use the money for anything. 

Pascal:Not all provinces in Canada use judicial foreclosure - about half use contractual power of sale.You are not going to find the lists and websites of forthcoming foreclosures here in Canada due to both privacy law and the regulatory/compliance obligations of the lender ... that and mortgage default is less common here.Here you will typically find out about a foreclosed property or mortgage sale a few weeks before the auction when it is published in a local newspaper or the Royal Gazette (or equivalent) for the province.When you see a listing on MLS or Kijiji which indicates the property is a foreclosure, that property likely has already been to auction - and didn't sell - and was subsequently listed with a real estate agent.

There is no industry licensing, regulatory or governing body, audit or equity capital requirements (unless you are licensed for other reasons like a bank or trust company).