A flyer has as much sophistication as an invitation to an ice cream social at a church, or a donation to the school sports program for a car wash.The letters I receive inviting me to investment seminars from estate planners and investment brokers are on stationary, not copy paper, much less some garbage colored letter.

A few months ago I was talking to a friend who is not super sophisticated when it comes to real estate. 

Commercial = less leads + more "sophisticated" buyers and sellers + numbers are bigger + longer to analyze so people move slower + inspections cost more = slower decisions and less closings per year. 3. 

I've paid royalties before and it eats a good portion of the profitability of the business.  100 employees is definitely a lot of payroll expense, workers comp, and overhead! 

Right on, I use census too,  perhaps Moodys Analytics is more sophisticated when looking at population and economics combined (risk management).thanks,Matt

Matters of conflict that reach courts may be viewed in light of the sophistication of the parties, their experience and knowledge.

Unless he has a bunch of licensed folks on his payroll he will have to hire subs for some tasks - electrical, plumbing and HVAC in particular.As far as I know you can make the loan direct to him without any legal entanglements.  

Might be better to get a little more sophisticated with your model, to ferret deals that may not hit the 2% rule but are actually better.Would you rather a $30k place that rented for $600 per month, or a $150k place that rents for $2300?  

A bunch of smaller investors that are not sophisticated could be a nightmare to deal with.

I assume that the 15.3% is the payroll tax (maybe not) that I and my employer pay.