While "accredited investor" has a pretty straight-forward definition ($1M networth or $200K income), "sophisticated investor" is defined more vaguely as someone who understands the potential investment and can make an informer decision about participation in such investment. 

The next day by 5 p.m I was a proud neighbor.

Again in Florida it may be different (although having a Tampa agent come on would be a big help)I went ahead and looked up the rules for the MLS in Tampa and the following is listed:"Note 1: The multiple listing service shall not have a rule requiring the listing broker to disclose the amount of total negotiated commission in his listing contract, and the association multiple listing service shall not publish the total negotiated commission on a listing which has been submitted to the MLS by a participant.

Proud of you.

There is a wealth of information available on BiggerPockets from the podcasts to the forum participation to the blogs and the articles. 

It is a awesome city with great schools, award winning parks and a downtown area that we are really proud of. 

You can participate as an LP/investor which requires you to be either a sophisticated or accredited investor (depending on the way the deal is structured). 

If no money is made (or if money is lost) they participate in that gain or loss.

I have been paying it off aggressively and am very proud of my progress there.

@Mike Loy, As a realtor you qualify for a Solo 401k, which has many advantages over self-directed IRA, here are few:Contribute 10X more than into an IRA (up to $61,000 per year per participant)Access up to $50,000 from your retirement account tax-free and penalties-free at any time prior to retirement via participant loan featureExempt from UDFI tax on leveraged real estateInvest tax-free using Roth 401k sub-accountCheckbook control without use of an LLC Custodian is not required = no custodian, transaction or asset based feesYou can read it in more details here:https://www.biggerpockets.com/blogs/2810/21298-sol...The bottom line is that if you qualify for Solo 401k - it would be way better than an IRA.