I saw many highly successful hard working people lose money to them as well as people who couldn't afford it.

Currently situated in San Diego and can only afford rent for now because house prices in SoCal are bonkers.

How does the already deep in debt CA afford to tack on $50 BILLION in debt service?

The situation you are ultimately trying to avoid is the one where: the borrower defaults, you start foreclosure, the borrower fights the foreclosure and says they didn't understand the loan / could never afford to pay it / you didn't follow the consumer rules, etc, then the judge asks if you followed those rules and you can't show that.... 

Folks very often dont  realize the cost of being self employed when every facet of your life comes out of your pocket.

Seeing as how in today's society the rich get richer and incomes aren't keeping up with the stock market, people in rich areas can afford richer rents.

There are circumstances that having a low downpayment is beneficial, but personally, I'm not a fan of PMI if you can afford the 20%.

The problem is you can't afford to properly make repairs when you are dealing with the lower tier properties and go with the cheapest bids doing nothing but putting duct tape on issues that will become recurring or believing you are making the repairs correctly but use inferior labor and materials because its all the property can absorb cost wise.  

Mozeo is a fairly user-friendly software, and very affordable.

Keep in mind that I am selling them as affordable fixer uppers and usually only address any health, safety, and functionality issues.