It's been covered extensively. 

So the seller cannot go get another loan for a car, house, apartment, etc. so it damages their credit by stretching them too thin.Am I missing something? 

I’m gonna have to stretch if I want to buy in Los Angeles again, but I still think it’s a better idea than not.

Most every newbie will stretch the truth by being over-optimistic.I stopped teaching in 2011.

On top of the extension, we had to continuously ask over and over, and over for updates. 

We have found it for number years so the value of the property has went up plus I did an extensive rehab.I owe about 215 not counting the last rehab that was about 60 K out of pocket.

We took out a HELOC on the property a few years back to do some extensive repairs and we've just now got what we owe on the HELOC paid off

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

And I’ve used both extensively.

Yes, the onboarding process is extensive.