Quote from @Jake Baker: I recently purchased a property in Jacksonville, FL, and plan to execute a BRRRR strategy with a coliving model (renting by the room).

People who did it wrong and weren't able to execute.

The problem is that it's hard to execute all this at a smaller scale.

Not to mention way to complicated to realistically execute.  

The owner is a former mortgage underwriter and she is preparing documents herself and having her friend at a title company execute the sale.  

If you are an elite actor or athlete or executive, NYC allows you the option to do nothing but excel at that.

As of my last update in April 2023, the definition of an accredited investor includes, but is not limited to, the following:Income: Individuals who have had an income of more than $200,000 (or $300,000 together with a spouse) for the past two years and expect the same for the current year.Net Worth: Individuals with a net worth exceeding $1 million, either alone or together with a spouse, excluding the value of the person's primary residence.Insiders: Directors, executive officers, and general partners of the company selling the securities.Professional Experience: Certain professional certifications, designations, or credentials or other credentials issued by an accredited educational institution may allow an individual to be considered accredited.Knowledgeable Employees: In the case of private funds, "knowledgeable employees" of the fund are also considered accredited investors.Institutions: Banks, partnerships, corporations, nonprofits, and trusts with assets exceeding $5 million.By imposing these criteria, Regulation D is meant to ensure that all participants in such an offering are capable of fending for themselves or sustaining the risk of loss, thus requiring less regulatory protection.Under Rule 506(c), it is not enough for an investor to simply claim accredited status.

These loan officers will be important resources if you are consistently executing on the business plans behind each loan they give you.

There are differences in the way cities execute this process.  

My channel is a lead-funnel for relocation clients, usually executives.