It is regulated and you need to learn the law before accepting any funds from another entity (person) in a syndication.

And who better than to recruit a person who is already experienced at such, which there is a lot. 

Unless of course they were using a SEC vehicle that allowed a certain amount of non accredited. 

Unrelated persons ordinances are common. 

I personally don't quite see any of these positions being completely eliminated due to AI, at least not in the forseeable future. 

It can be price or unique amenity or your personal charm! 

Since the LTV on the hard money loan is high , I would personally purchase it using a bank statement loan at 85% LTV (15 percent down) and, as you mentioned, just use your cash for the rehab.

For my personal education, which one insurance should I have?

In 2022 I also sold my money pot personal residences for $961,000 and purchased it for $154,000 in 1999. $500,000 was tax free due to being married.  

As a person who has lived most of my life in metro Detroit, all I will say is be very, very careful.