However, the flip side is that it will take a lot of people a lot more time to save the entire money for a purchase, so you could definitely argue its better to take a hard money loan and jump in instead of being delayed for years if you are having trouble building capital

Not to argue but this is not the case.

I'm not trying to argue, I'm really trying to figure this out.

I’m considering buying 123 ABC St to develop 50units.

You can argue that you followed the spirit of the law by getting it to him in a relatively timely matter.

Unless you have something in writing, with the tenants signature - tenant will argue it is a termination by mutual agreement and he / she has no obligations to to pay you for the loss of rent or any other expanses pertaining to renting a unit.

You argue that you don't have to have a license to sell antiques online, or a car, but there aren't government regulations within that industry, or lobbyists.Why is it ok for you to find a seller and a buyer and make money in the middle without having to go through the requirements of a license?

@Janae Aasen - I personally think charging them for carpet cleaning is fine, and something I would feel comfortable arguing since it was relatively new carpet. 

You aren’t arguing the property isn’t worth what they’re asking, you’re making up an arbitrary amount of cash you want to leave in the deal.

I would argue that equity is nothing more than false wealth.