The pros far outweigh the cons, which include:Safer living & health conditions for tenantsA peace of mind for you as owner & for tenantsWhich can then in turn directly or indirectly, depending on your perspective & outcome, reduce vacany rates Don't forget the other pros;Lead contractors will make a fortuneMore regulation is always betterThe government knows bestThe list you provided above is fluff.  

It is not wise to learn the regulations governing the business you are about to start after you buy the business. 

I have been consulting people and governments for years on financial matters and legislation.

Print it on a bottle opener.

Here are the duties that can be performed according to the FREC:Permissible Activities of an Unlicensed AssistantUnlicensed assistant is defined as support stafffor a real estate corporation or other licensed individuals.Answer the phone and forward callsFill out and submit listings and changes to any multiple listing serviceFollow-up on loan commitments after a contract has been negotiated and generally secure the status reports on the loan progressAssemble documents for closingSecure documents (public information) from courthouse, utility district, etc.Have keys made for company listings, order surveys, termite inspections, home inspections and home warranties with the.licensed employer's approvalWrite ads for approval of the licensee and the supervising broker, and place advertising (newspaper ads, update web sites, etc); prepare flyers and promotionalinformation for approval by licensee and the supervising brokerReceive, record and deposit earnest money, security deposits and advance rentsOnly type the contract forms for approval by licensee and supervising brokerMonitor licenses and personnel filesCompute commission checksPlace signs on propertyOrder items of repair as directed by licenseePrepare flyers and promotional information for approval by licensee and supervising brokerAct as a courier service to deliver documents, pick-up keysPlace routine telephone calls on late rent paymentsSchedule appointments for licensee to show a listed propertyBe at an open house for: o Security pulposeso Hand out materials (brochures)Answer questions conceming a listing from which the answer must be obtained from the licensed employer-approved printed information and is objective innature (not subjective comments)Gather information for a Comparative Market AnalysisGather information for an appraisalHand out objective, written infonnation on a listing or rental

I'm going to assume that the developer legally established an HOA and recorded articles of incorporation, governing documents (CC&Rs) etc.

I am starting to write a LOT more next month and will not be able to print them myself anymore.

Too much big government/regulation for me, not business owner friendly. 

In my area you dont have to be a GC to buold your personal home.Find a local bank to work with on construction loan (I would suggest you get a account for that bank and donuts always help) Get a list of your area governing body on what is needed to be submitted for approval.

I have a degree in print journalism and in my spare time I enjoy writing about topics related to business, entrepreneurship and investing.I Buy- And- Hold houses.