You have a duty to your tenants to provide them with a safe environment. 

There are a lot of regulations around setting up a real estate fund (soliciting investors) and I personally would not want to join or be a part of something that other people have set up.  

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.

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 have two licenses already and don't want to be regulated if I get another license.

As a note owner, when I offer my note for sale, are there any regulations, that you are aware of, that do not allow me to send out collateral files to anyone other than a buyer with a purchase agreement?  

That is why a window and screen were broken more then likely.And it’s just lazy to Fill out a form to be reimbursed to fix what law enforcement had to do to help maintain a safe environment.  

If it wasn't for this viewpoint, we would not have these regulations. 

Originally posted by @Joe Kelly:I can't even imagine having to deal with this much regulation.