I have skimmed over the management agreement and it doesn't really say anything specific in regards to who is financially responsible in the case of a squatter breaking in.

They don't know when things are wrong, and they don't know when they are getting skimmed or scammed.

You gave the mouse a cookie and now she is expecting you to give her the milk too. 

If you haven't lived there, visited there a lot, or have close friends or relatives there, you may be too detached from the area to pay close attention to it which will lead to PM skimming and just bad oversight on your asset.3.

Recent quotese I'm hearing about basicall are this... 2x effect just to skim off the highest profit, if they are to drop other work, they will only replace it with high profit and easier work.What to do,  join the local reias, GaREIA has 2 flipping groups.   

I skimmed through this thread.

As long as you have your due diligence you are as good as buying a property that doesn't say "as-is".For question 2: The biggest "scam" is tenants not paying and milking the system.

Most of you in the thread:   I’m a pretty libertarian guy, in fact in my younger days I was a registered libertarian so I’m not some big government guy, however I think most regulations have an obvious cost to them, wholesaling has zero benefit to society, it’s just skimming money off the top of old people, literally these house would be sold to an investor very quickly with or without wholesalers, we know this because obviously things sell for more on assignment than on the contract the wholesaler has, if the vast majority of wholesale deals went to market they would just be sold for the assignment cost & possibly more, I don’t see any value wholesalers add to the market, they are just leaches.

Not so fast, you didn't cover equity skimming or dealing with a "protected class" or  . . . . . . . . . . . ;-)  your right because I dont charge to consult for sub too.. 

Be sure to monitor it all closely to ensure that they aren't skimming product to use on other jobs.