Why do SEC regulations that "protect" the middle class also prevent them and allow only "accredited investors" (aka rich people) the ability to invest in private investment opportunities?

-Jason There are lots of motivated sellers with all different types.Back taxes will contain lots of motivated sellers, because they now have a lien against the property that will prevent them from selling conventionally. 

It does not require lawyers and is a common remedy for chasing tenant debt.If they are responsible individuals a small claims charge on there records will prevent them from getting loans, buying anything on credit or time payments etc.

If they were that easy to predict #1 they wouldn't happen (interventions would prevent them) and #2 there'd be a LOT more rich people as billions would be available for those that could market time.

Perform a quick cost analysis on the eviction process to see just how much it will cost you, then offer cash to prevent the time/revenue lost.

@Dmitriy Pukhov,You don't necessarily have to pay off the first, but you do become responsible for the payments to prevent foreclosure.

They promised them a 0 down loan, took a hefty nonrefundable EDM and then prevented the loan from closing. 

Nor would I be able to pay all-cash.2) Lack of ability to pay all-cash on a property would prevent me from purchasing from a wholesaler.So, does this mean that in order to get started I should be working with an agent going through MLS or as a first-time purchase is it feasible to still work with a wholesaler to get an off-market deal. 

Where a tenant is evicted for owner occupancy after December 18, 1998, that unit is designated as the owner's unit for purposes of subsequent owner-occupancy evictions, unless the owner's disability or other similar hardship prevents occupancy of that unit.Tenants who are 60 years old or who meet the disability guidelines for federal Supplemental Security Income and who have lived in the unit at least 10 years, or tenants who are catastrophically ill and who have lived in the unit for at least 5 years, have a protected status and cannot be evicted for either the owner or the owner's relative to move into a building of 2 units or more.

Will be contacting POL to find out what happened and more importantly, what POL would do differently to prevent this from happening again.