Although we use some pretty sophisticated online application software, I recently bought some seven different books on the topic from Amazon for about $300. 

Sometimes I buy and sell machinery.

@Travis Feldewerd That is exactly right, simply put, is a more sophisticated way to refer to the payments of the interests and/or principal of the loan for a particular period.Good luck!

Many hard money guys enjoy knowing that they can lend at 60% if ARV - foreclose - get control of the asset for 75 cents on the dollar after remodel and court fees...For a newbie to borrow money from a sophisticated hard money guy, who may be a shark in the business I described above, is not the smartest idea ever...I know plenty of hard money players; some in my family - never once borrowed that way.

Using new technology, advanced equipment, unique methods with new materials for old applications (Aqua Therm and Rust Stopping Paint) and sophisticated logistics (with highly skilled personnel) TMG, Inc. creates solutions, resulting in approved operating costs.

stuff will fall flat with sophisticated sellers.  

Most highly sophisticated investors/funds are today buying for the delta between Cap Rate of 7% and cost of money at 4.5%.

Crowd Funding - A fairly sophisticated way of finding money but the ultimate growth tool.

We began a more serious play-book and team building phase about 4 years ago and are hopefully becoming more sophisticated.

There are other exemptions that allow for up to 35 non-accredited investors at the national level as long as they're sophisticated.