The time it takes from the first shovel in the dirt until the first check in your hands is so much longer than finding a pre-existing deal. 

It puts the elderly and people with pre existing respiratory issues at great risk. 

Also you can not advertise a 506(b) in any way, you have to have a pre-existing relationship with anyone you present it to.

I am looking at a deal that is off market and I found it through mailing. The owner owns a few rentals and is on the older side. The house is 2/1 864 sqft. The outside looks like it could use a paint job.It has a new ...

I'm assuming you're just adding circuits to a pre-existing load center.

Sounds like you had a pre-existing problem and taking care of it for the tenants would be the right thing.

Unfortunately this is only my second deal, so I don't have a pre-existing relationship with a community bank's portfolio lending dept.

Good morning,I recently acquired a property with pre existing tenants with leases that are on a month to month basis. 

If they do allow non-accredited investors, it's possible that they might restrict it to investors with whom they've had a pre-existing relationship.

Full definition can be found hereThere are syndications that will accept non-accredited, but even with a pre-existing relationship, many will still ask you to confirm that you are indeed accredited.