What made you interested in investing in this type of deal?

And in regards to getting educated on the the laws, I assume the best route is to link of with an attorney who has experience with these types of transactions?

Contact a local attorney who has experience in this type of thing.

I just haven’t had much experience with underwriting those types of properties, so I’ll definitely need to dig into that more.If you have any advice or resources for underwriting smaller multifamily deals, I’d love to hear about it.

This company was big name, in business for decades, nationwide product, BBB rated, every contractor who uses the product needs to be licensed with the manufacturer so we figured we we would be okay with 1/2 down, 1/2 at completion. 

This gives much better diversification protection across geographies, asset types, strategies, investment subclasses etc. versus putting all the eggs into one basket.The downside is that it's not for everyone, and a person has to be comfortable with turning over control to someone else.

There are two main types of Reg D 5-6 filings.  

Is this different from an arbitrage type deal or are they similar? 

Since the BK must be disclosed in any securities offering, you would not be able to be a partner in a syndicator/sponsor type deal9.

what types of properties do you own currently?