Think about it, anyone who wants to sit through some lead paint classes and pay the $100 filing fee can get a GC license. 

Maybe it's a way to build generational wealth by having a tenant pay down the principal every month? 

This also leads owners to ASSUME simpler is better when it comes to management contracts.

Do 3 or 4 deals that way and then perhaps move on to a lead sponsor role. 

For instance, at one home I saw a crack in the walkway by the steps leading to the front door.

By tv celebs being attached making people feel more comfortable and actually getting lead astray I think we should make them accountable.

CCIM, SIOR, and all of the other designations you can amass never teach you how to pick up the phone and prospect for leads, track down growing/expanding businesses to convert to clients, how to manage tenants in a retail strip center, or do the myriad of other daily activities required to be a good commercial investment broker/owner.

Great discussion you generated here for those looking to learn more about cash-out refinances.

Now a listing agent will do work before the listing is active (paperwork, marketing and home prep) but once it is active, the listing agent has to be ready to follow up on all leads that come their way and answer all inquiries, but you can do that sitting poolside.

I shifted to a small new home build and it generates nice monthly cash flow and equity since.I wish you all the best.