This is all for the purpose of consuming myself with people in the business and knowledge that I'll need as an investor.This is where my question comes in.  

This is standard practice for the funding platforms that are doing the right way IMO.  506(b) can be used by the portals, but many that are using this exemption are arguably advertising and should be using heightened screening procedures.  

One great website that is helping consumers to advocate for themselves as it pertains to contractors is www.pro.com.

Feel free to reach out to me with any and all questions you might have about BiggerPockets, investing, or using our platform!

Feel free to reach out to me with any and all questions you might have about BiggerPockets, investing, or using our platform!

Welcome @Rico Donald, BP will most definitely be a better education platform for you than any class in my opinion. 

I look forward to interacting and learning from all of you on this great platform. 

This is frustrating, for sure, but think of it from their side - they don't know what has been done, and figuring it out can be costly and time consuming. 

the saying goes, "the leopard doesn't change his spots"....so I tend to agree with the board, and my only caveat is that you really want to know will he pay the rent...I have had a few very good long term tenants who made rent a priority but still had the errant medical bill or consumer credit problem..so I would really probe every landlord and the rental history, but recency and amount of payment  issues tends to indicate that if he won't pay others, he probably won't pay you..a vacancy may be better..with an empty unit, remember an ideal tenant could call anytime..you may have to cover the mortgage another month, but you also cover it if he doesn't pay, plus evict, and re-prep the unit....vacancy wins unanimous decision...

I have a fascination with what CA would be like without all the extreme consumer protections.