Great and informative information by sophisticated people.

The more sophisticated the higher the costI would recommend mailchimp to start.

We use the SEC 506B exemption and allow sophisticated investors into our deals once we have developed a substantive preexisting relationship.This is a must before anyone can syndicate with us.

The biggest issue with emails and letters is that you are leaving a paper trail, so (some) more sophisticated borrowers will send all of them to their attorney.

I am not sure whether Brian still accepts sophisticated but unaccredited money, though many of us do.

A sponsor must be able to show how their investors learned about the offering and that this knowledge did not come from a general email, social media post, public seminar, etc.Also, Rule 506(b) allows for an unlimited number of accredited investors and up to thirty-five (35) sophisticated investors.

Yes, the google doc CRM / call trackers are a bit of a manual integration at this point, but I will definitely think about upgrading to a more sophisticated platform once I have the volume to justify it. 

Very rarely do investors (even the most sophisticated ones) do their closings without an attorney involved.Outside of that, Bill I think it's awesome you've gone at this so creatively and had such long term successes with it!

You really need to start with either hiring a consultant or bringing on a sophisticated and experienced partner. 

One way to side step a lot of this is to up the minimum stay to a month and in essence airbnb just becomes a more sophisticated craigslist in theory, connecting users to each other who are looking for and have available month to month occupancies.