The wholesaler fulfills a pivotal role in ensuring that the manufacturer has sufficient liquidity to continue to operate its machinery/run its factories while the goods are being distributed in relatively small shipments to retail sellers. 

These emails are convincing and sophisticated.

For example, the expert knowledge of a market researcher is critically important in the sophisticated realm of Bayesian Networks simulation and structured equation modeling -- two techniques that are conducted through computer modeling.

But reality is you have a sophisticated seller who bought very low ( when prices were so low 8 years ago) and they don't have a lot at risk.these type of portfolios don't trade at 6 caps  LOL  try double that.. for the investor who is experienced and knows what this is all about.Lastly when these things hit MLS and a commercial broker no less this is the market of last resort.. the big players have all passed.Let me know if you agree at all with my thoughts on this from your vantage point being local there in Philly..    

Also the financial sophistication to understand these investments.

Rarely is a sophisticated strategy involved.

Easier to find, less expensive, your competition is typically less sophisticated and in a downturn might be more liquid.

Before legalization, grow houses were common as growers didn’t typically have access to warehouse space, and weren’t on the level of sophistication that modern legal growers are.

It allows you to take an unlimited number of accredited investors and up to 35 non-accredited, sophisticated investors.

This is the low end of a hands off ADU other than converting existing living space.The more sophisticated value add people are still leveraging non-optimized zoning.