Not a good way to do business.One last note: judges often favor the party who did NOT write the contract, because it is assumed they were less sophisticated and/or the party who wrote the contract did so to benefit themselves at the expense of the other party. 

although I can see them having to go through a learning curve first of taking back the asset instead of cutting and running..However I think over time there will be a play their for the bigger dollar sophisticated note buyers..

Most private lenders are not as sophisticated and rely on your underwriting.  

Also, if anyone has book recommendations or websites/resources to learn about tax advantages relating to real estate that every sophisticated investor should know about, I would greatly appreciate any recommendations!  

If you are not accredited, then you may invest in deals that are raising money under Rule D 506(b), which means they can accept up to 35 investors who are not accredited, as long as said investors are sophisticated (i.e. you understand the investment and the risks involved).

Quickbooks is a great and sophisticated tool, but many people are unfamiliar on how to use it.

But if you complicate simple RE with sophisticated corporate layers? 

Many were sophisticated RE investors in the space. 

Note: if you are not an accredited invest, you need to be at least a sophisticated investor.

There are highly sophisticated entities in RE and every field knowingly taking advantage of others and their situations.