Can non-accredited family/friend invest in a syndication?

[Trevor Emmett]

Hello Everyone!

I have a life long friend that is building a 54 unit apartment complex and is offering preferred shares. Myself and some of his family want to invest but we are not accredited investors. I have heard that you do not need to be an accredited investor to invest in a syndication.  Also, I have no idea where I heard that information so please if you can point me in the right direction I would appreciate it!  (Also, everything is going through a lawyer, I’m just impatient!)