My perception is that it is somewhat less risky for a rehab because your intent is to resell at the end of the work, thereby paying off the HML lender. 

Not as sophisticated as what they are actually working on, but hey...This was before internet was a house hold thing and I'd never heard of GPS.

This was to the lower level employees, but he was not a Mormon.What amazed me about him was his perception and vision.

This is true for even the largest, most sophisticated institutional investors.DATA SOURCESIn addition to those listed on the excellent article that Bryan H. linked to above, there are:Axiometrics / REIS / Pierce-Eislen: These folks conduct phone surveys on a monthly basis and publish reports and analysis.

But it seems like those friends and family would have to be accredited or "sophisticated" investors to not violate SEC laws.

Doubt they can get past the perception of over paying for rent.

This doesn't mean it was a shady act, but it is possible to "appear" to be and as they say, "perception is reality."  2.  

The perception of you taking advantage of her might just be your own.

Maintenance, oil filter leaks, oil tank deterioration, and tenant perception, plus the nuisance of running out of oil and having to go in and prime the system, all point to natural gas.  

I believe that "simplicity is the ultimate sophistication" with regards to tax advantaged investment vehicles.