Several reasons but primary is case law there, and the way things are set for LLC's, it's a very conducive environment. - Use the "asset island" method from start.

Underfunded investors, IMHO, would be spending time in jail if that happened to them.I get several investors weekly from that group, who's SubTos I'm working on to straighten out.

I've filed claims on things that are pretty severe and couldn't cover out of pocket, so as a result I just upped my deductible.

I also know of several law firms who have not been paid in over a year then will not work for them any longer.  

Many appraisal in several locations have been coming in low, which can either kill the deal altogether or make the borrower come in with more funds to close.

Similarly, if you put several Class D tenants in a Class A 4-plex, what do you think will happen to the property?

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

@Cody Caswell there's several things to ask about here that might not be answerable in a forum:- Why do you need an FHA loan?

Of course it has been several years since I used either and currently I myself am searching for the "right" software.

Note:  Not all brokers are equal, so you really have to interview several to find who you're looking for to partner with.3.