A lot of people corner themselves into commercial bondage by over-sophisticating a house or being too impatient to allow seasoning. 

Those shares are considered securities.Non-accredited investors can also participate if they are "sophisticated investors."

Bankruptcy can be a little tougher to deal with and the borrowers are often times more sophisticated and will defend themselves.  

I think non-accredited investors who are sophisticated may pursue designations/credentials in order to invest in a deal with a proven sponsor who only takes accredited investors.

You’ll just need a GL code for “Concessions,” and more sophisticated software packages come with it prebuilt in the chart of accounts.

My wife and I have been slowly growing our SFH buy-and-hold portfolio and are now at a point where a) we want to grow faster and b) have gotten to a level of sophistication where we feel we've outgrown our existing accountant, who is not an expert in REI and doesn't proactively bring tax saving strategies to us. 

They usually have good things to say about these more sophisticated situations. 

Running a portfolio of vacation rental properties is a sophisticated and complex hospitality business.

The sophistication of cyber criminals has increased tenfold over the last several years so you have to be suspicious of everything.

When selling, you will likely be dealing with a sophisticated buyer, and definitely an investor.