Is accredited investor a requirement for multi family unit purchase for investment?

[Sharad Bagri]

It looks like only accredited investor can invest in multi family investing. Is that strictly enforced? What if a married individual has income of $200k+ but the spouse is not in workforce, so that is the total income. i.e below the $300k limit for married filing jointly. Can they still get an accredited investor rating? Assume the total net worth is not $1Million

What's the cost in the process to get the accreditation?

[Josh C.]

You can buy anything you want without being accredited. Thats only if you wanted to invest your money into someone’s deal. An example of you putting up 100k into a 200 unit building in Philadelphia with another 30 investors.

I wasn’t accredited when I bought my first multi, an 8 unit. Just make sure the numbers make sense and you only focus on the number of doors.