They still do many things (escrow funds, transactional processing compliance (Accredited Investor Verification, Know Your Customer (KYC) Checks, Anti Money Laundering (AML) Checks, Investor Suitability Checks, Transact Offerings, bad actor checks), due diligence, data retention, etc.

It is very hard to find something legit in this space due to the overwhelming amount of spam and scams geared towards what I am looking for.

In most of these cases, scammers offering business deals of all types to investors, especially retirees pulled off the scam by issuing falsified bank statements to their clients.As to the comparison to a PM, the PM collects the rent, takes his cut, and remit the rest.

I doubt it, but I don't know the property nor care to continue to argue, but also be aware that if you were to flip it with no improvements you can run afoul of both hud anti flipping regulations and possibly state laws depending on the state.

is ther a scam in nv  on land being sold and land locked

I’m about to go live Tuesday with 2 vacation rentals via EVOLVE utilizing platforms like AirBnb. I interviewed the local property manager who is just starting to think about marketing her clients on AirBnb-way behind....

Also getting the companies to pay you is rough, lots of scam companies out there that will run up your receivables and then never pay.Real money is in the "ad ons" Anything weird like tree cutting or big item removal.

(At exorbitant phone rates, jail phone calls are quite the scam.)  

Thanks for the insight and I'll stay away and keep working w/ hard money lenders.Just weird because I don't get why people would try to do this since they are the ones "giving away money" and not taking it but people scam for anything these days so not surprising. 

This is the oldest attempted scam on banks there is, they were trying this at least 50 years ago.