My point was, it appears, based on anecdotal evidence (which is the same evidence you provided), that the PM industry, has at a minimum, a perception problem. 

People here are from every segment of society and it reflects that.

As my mother says perception is 100% reality.

New investors and even old salts that rely on odd, specific disclosures that attempt to avoid rules won't really fly, might give a perception to the underdog they have no recourse, but not to an attorney.

Perception.

Real property also carries a social requirement, it is necessary for the government and its population and these social implications impute a higher standard of care for society.

See Ohio  FLA CA. and more states will start as well its a trend.2. because so many undercapitalized or new investors see this as a way to make cash the reasons there are so many complaints and the states are perking up is many who do not have any money any experience tie up property and basically fib to the owners and then walk with weasel clauses.. there by in the perception of the sellers and regulators damaging said seller.we all buy low or we hope we do and we try to sell high or we hope too..

In this sue-happy society it's mandatory.I'm a Rich Dad/Poor Dad believer & they discuss in detail how to set this up to maximize your protection in a couple of the Rich Dad ed books.

Personally I am planning for some possibly rough times ahead but not the end of society as we know it...

Fresh water in a hunger games society!