The thing that bothers me about the state regulation of this, and it took a lot of restraint to not say this to the presenter, is;  it seems like wholesaling is regarded the same as when  the senate subcommittee was trying to regulate porn, and the statement came out..."

I do strongly suggest working for another broker at first as there is a ton of regulation on the paperwork and you would certainly want a transaction co-coordinator making sure you are in full compliance.

This is going to heavily depend on your local regulation, and the liability that you incur by allowing her to do this in your property.

If you have a flat roof in an environment which experiences lots of rain, boiler, chiller, snow, etc. it simply costs more to keep up.So, what we have in the end is that it may cost me $4300 per door to run my apartments, but it may cost you $6,000 per door to run a similar community.

Here in PA, a legitimate management company must have a real estate broker's license, an office that will pass state inspection (including a walk-through), escrow accounts, and (believe it or not), a land-line telephone used strictly for the management company.Note that whether you are self-managing your own properties or for other owners, licensed or not, you still must stay on the right side of all HUD fair housing rules and your own state and local municipal regulations. 

I literally bought a house for 15K in 21212, there are houses 3 blocks away that go for 300K, and if you don't know all the rules and regulations, the city will fine you to death.  

Real Estate by nature is too local and will never be completely regulated by the net.

If this RC expansion goes through, I think there is going to be a massive wave of evictions, rent hikes, and pulling properties off the rental market and turning them into alternative use (like condos, short-term rentals) to get around new regulations.  

However the difference is one group is regulated and managed by a board to include ethics etc.

It is much easier to make money in a good environment in either RE or stocks.