Some people have wells that have run dry and despite the sophistication of the plumbing system they turn the knob and get mud.  

If you are planning to issue securities, the SEC is usually somewhat extremely emotional about the issuer ascertaining that the offer is only to accredited or sophisticated investors.Although some securities may be exempt from registration, open solicitation however typically requires the issuer to both register the security with the SEC and also comply with whatever specific stipulations that they deem necessary in order to solicit openly.

I used this strategy to finance my first rehab, however the amounts that I borrowed were small enough that I was able to pay them back within the 0% introductory period, so I never had to develop a sophisticated exit strategy.  

Hi,I am looking for a carpenter with basic skills - nothing too sophisticated carpentry.

Since you are talking about paying bills with $400 it gives me the perception you don't have enough reserves in both business and personal. 

Another entry strategy used by sophisticated and big investors like @Brian Burke, @Ben Leybovich and others (specially apartment investors) is SYNDICATION. 

I had a great time 2009-2011 doing deals, less competition and the competition that was around was pretty sophisticated.

From what I hear, landlords are held to a higher standard since we are assumed to be more sophisticated.

I would keep it simple and not over-sophisticate things Alan F.!

You need a sophisticated Operating Agreement.