More of a safeguard to ensure you know what your local contractors should be charging you. 

I coach people up on the same thing and fortunately I did understand that at the deepest level and safeguarded us even in the midst of having hope that they would change.Isn't it mind-numbing to see how much we CAN dictate about our future, and yet how many people live in constant denial of that? 

These are great safe guards against it all and I just need to follow through and get those background checks and require rental insurance. 

When I started with my first project in 2018 I can say that materials were considerably less expensive...recently I went to Home Depot and the electrical wire was safeguarded by a metal cage that required an attendant to access.  

The Seller is in foreclosure and what I do is offer a lease purchase buy back for investor who have great rental incomefor a period of 2 years.We have a few SafeGuard in place first the buyer will control the bank account of the renter's.The buyer also has their property managerment company that collect the rent for the buyer.We also take 3 months of upfront rent out of eachhouse so that give the buyer a cushion.

In the STR space after hosting 600-700 groups over the last 5 years - have definitely have had my share of moments where have lost my sleep , just need to safeguard the investments before expanding any further

The privacy Act requires procedural safeguards to prevent the unauthorized disclosure of PII. 

I'm not saying to be naive but set up safe guards to maximize production where possible and try not to let guys front load projects where if things dont work out you get stumped. 

You want to make sure they have the safeguards in place since our industry is completely unregulated.

Either way, you're pretty safe at safeguarding your 50 million dollar estate. :)