Most attorneys will guide you away from them, but there are a few more sophisticated investing attorneys that understand the process.

It also requires gaining a level of sophistication and knowledge that not everyone has the time, inclination or ability to do.

These include traditional rehabs to sophisticated market specific value adds.

In my experience it just indicates people who probably grew up in a family where they were not sophisticated with money.

People smarter and more sophisticated than me in business law have advised that there are 1000 ways to pierce the shield of an LLC.  

Many investments in multifamily also will allow up to 35 "Sophisticated Investors".

Now I use a more sophisticated tool that provides me all the tax sale lists nation wide and reduces drastically my research time. if anyone wants to check it out: www.fastlien.co 

Most investors have not much experience and have ability to do proper due diligence, but...some of the lead in those forum are so good (and way more sophisticated than BP) to do proper DD.Although however I found discussion for CRE that's merely generating 7% income and single digit IRR with high risk of default is going on for very very long time.

@Spencer CuelloSpark Investment Group generally does 506b deals open to sophisticated and accredited investors. 506b rules require syndication sponsors have a relationship with the investors prior to entering into any investments.

Here's why this is so important for negotiation and decision-making.First, understand the seller's professionalism and sophistication.