There are plenty of sophisticated folks that are not accredited Joel.  

i wouldn't say anything if all was disclosed as it should be but quoting you it sounds very much like you believe you need to take advantage of a not very sophisticated homeowner.

I'm sure it has gotten more sophisticated since then, however, the ongoing management was quite tedious.

I imagine I could have sold the note but I am not that sophisticated with notes and such. 

Welcome to BP, James.Don't know your level of sophistication, however it is possible to purchase the equity of a property subject to the liens of record and later make a profit by dealing with and reducing or eliminating those liens by skillful negotiation and application of real estate law.

Thes hedge fund managers are highly sophisticated investors.

Keep in mind, at the time, I knew NOTHING about sophisticated real estate investing strategies.

That is due to a LOT of hard work and a sophisticated system.

Most property owners at that level are very sophisticated and are probably not good targets for wholesaling IMO.

Generally a "Consultant" is fairly informed in all aspects off RE and performs more sophisticated analysis for clients.Back to the agent, I understand it may look good on a business card, but if you really can't go there, in all aspects, I'd not use the term, IMO.