I understand that there are many ethical wholesalers, but the barrier to entry is so low and it's so unregulated that it creates a breeding ground for scammers.

I know that this is much like the banks crying foul with unregulated mortgage brokers back in the day.

Unregistered lenders, private lenders are unregulated, these folks will or could have different usury rates applied, be subject to predatory dealing and lending falling under completely different rules.

They're skating by unregulated.

By completely eliminating a product that was abused and unregulated leading up to the meltdown in 2008, lenders essentially eliminated the ability for some people to obtain a type of loan that was originally designed for them.

So, forget the "program" approach as being set in stone for unregulated funding.

This area of the business is generally unregulated, @Brennon Manske.

We have enough evidence that unregulated buildings and apts skyrocket in price due to the lack of supply of free market apts where you don't need to be on a 10 or 20 year waiting list for that those regulated apts.I think that in the State of NY, and especially in the City of NYC, if you want to acquire a residential investment, you are doing so where the future regulations are uncertain for at least the next election cycle.I also won't rule out Commercial RE to be untouched either.

typical with an unlicensed un regulated quasi industry.. but an unpopular stance on BP because many on BP are trying to get into the business as wholesaler and have no clue 

A landlord can be subject to these risks. ( this would be a long and technical topic, unless you are up-to-speed on all these new systems, unregulated, beware)