I like VRBO because it usually has an older and more sophisticated clientele - customer service is pretty good too. 

I promise you we don't all hang out in dark alleys :)506(b)s can accept an unlimited number of accredited and up to 35 sophisticated investors.

This would effectively end the ability for accredited or sophisticated investors of using IRA funds to invest in private syndications.

He would just have to apply it to everyone so there's no perception of fair housing violations.

Also keep in mind that the size and leverage component of your equity position on your balance sheet should drive your perception of risk relative to the size of the note you're being asked to kiss. 

Im always curious to see other people’s perception of what they consider profitable.

@Vincent S.There are two credentials that most sophisticated tax professionals have.CPA(Certified Public Accountant) & EA(Enrolled Agent).CPA designation is the more prestigious of the two.There is no designation to indicate that he/she is a professional is 'real estate tax'.I would have a casual conversation with the purchases that you made and how the rental is performing. 

But, the main difference I see is I average about 2.5 years per tenant vs a weekly (my perception) STR.

These sellers either are not sophisticated enough to require proof of funds, or have properties difficult to sell conventionally and are willing to forgo POF in hopes of making a deal.

Any tips at all on how to do anything more sophisticated for my due diligence aside from flip through Google, look to see how BBB lookup goes and hope for the best.