To qualify the purchasers of the securities must:i.either have enough knowledge and experience in finance and business matters to be “sophisticated investors” (able to evaluate the risks and merits of the investment), or be able to bear the investment's economic risk;ii.have access to the type of information normally provided in a prospectus for a registered securities offering; andiii.agree not to resell or distribute the securities to the public.Find out more on applicable exemptions (Reg D, etc) at my blog on syndications at: https://www.biggerpockets.com/blogs/7617-chicago-m...

@Don Konipol  agreed  deed In lu cash for keys restructure are all better alternatives for me as when I was lending than foreclosure.. the only times we had to foreclose was when we needed to extinguish junior interests.. or the borrower just went dark and left us no choice.In our reality which was fix and flip loans for sfr's I don't really recall anyone doing a BK on us.. usually not enough equity to make it financially feasible on their side.. but in a commercial loan environment I can certainly see that .. dealing with more sophisticated borrowers who could use the BK environment as a negotiating tactic..

Honestly, what’s the point of getting your license and really only learning to be “just one cog in the machinery?”

Shocker: You will not be dealing with the most sophisticated sellers at times and there are reasons for why they are distressed.

@Christopher ChristianFunny, I can relate in some way to your status as I want to go deeper into real estate but I am not sure what is the way there, I currently have a few payed properties but i got them not from too Sophisticated methods but from Appreciation (I STARTED YOUNG).THE BIG MONEY AS You MENTIONED COMES FROM COMMERCIAL AND WHY DONT YOU START WORK WItH A DEVELOPER TO LEARN FROM OTHERS experience, instead of getting more debt.

I think it can be very profitable at scale if you are fairly sophisticated and willing to hustle. 

Others, I'm sure, will have more sophisticated ways which I encourage you to look into.

There are more sophisticated ways to do it, but I focus on building a trust-based team and leveraging Steven Covey's Speed of Trust equation for all our benefits.Good luck with the deal!

@Ami ShahWork with @Brian Eastman this is very sophisticated investment and you need someone who is good and experienced. 

This type of work is not as sophisticated as some of my other practice areas and the hourly rate reflects that.Despite a having a good lease, evictions on these low rent properties are bound to happen.