The sponsors are hiring the accreditation service to go through this process with investor candidates and thus you'll be using whatever their risk tolerance level is to gain the accreditation status you need.  

level is strictly dependent on your/investors liability exposure and doesn’t change your tax. 

If you are talking larger, then getting in at that level is possible, but likely will require partnership. 

Hopefully, you negotiated the seller pays them as part of AOS.

If you are looking for 180k or more, one it might not sell and two it might not het appraised with radiators.If you are looking at 140-150 level I wouldbe okay.Ton of renovations done in that zip code, check sold houses and that they offer.

At the end of the day, Marcus, I think there are pros and cons to both options and it will fall on how comfortable your risk level is! 

based on the current reduced rents the income level is actually 20% lower which reduces the cap rate to less than 3%. 

I know the high end trim and appliance level is appealing but when the time comes to fix, it's not cheap to maintain to the same quality.If you tie up your money in this deal, can you continue moving forward in your real estate investing or are you stuck for five or six years? 

The reason why this took a little longer than expected was because the seller was fully remolding one side of the duplex and I was A O K with that.

In most states, I believe, real estate taxes are handled at the county level.  I