It certainly sounds like a sophisticated scam to those not inside of real estate. 

Sometimes with a seller to make the layperson more comfortable seeing a state approved document and possibly something they have seen at other points in life.For the buyer they assume you are sophisticated and just have the actual important points laid out in 1-2 pages without out all the boilerplate garbage.  

Yep, the expectation is that if you are buying as an investor you have a more sophisticated understanding of the process and your potential costs than the typical hud homebuyer.

Here in the city it's just a little harder to find the INCREDIBLE deals because there are so many huge, sophisticated investors and the market can be incredibly complicated.

Not understand most of the basics of owning these properties.. they are the most popular investment with many wanting to get into the RE game because the cost of entry is so low and the sophistication level of the investor does not need to be anything more than they have money..

You profession and level of legal and financial sophistication.

Sophisticated investors don't invest in "great deals", they are offered those all the time.

Truth is, there's no way to guarantee that what you are pulling is going to actually be that 50+% or better, depending on the timing and sophistication of previous financing.

People who search for the most sophisticated sounding (and pretentious) way they can think of to describe something trip me out.

Jeremy Roll’s Cash Flow and his Business and RE Investors meetings attracted the most sophisticated and interesting investors around.