The more sophisticated your knowledge, the more opportunities you will see.Investor Llew

Why, do you ask me, would a "sophisticated investor" sell for 30 cents on the $....well, you never know, but there are many variables. 

I keep hearing these REIs say "I/We like to buy from the mom and pop homeowners who are less sophisticated."

., Rule 506b, up to 35 non-accredited (but sophisticated) investors are allowed, along with an unlimited number of accrediteds. 

Write your post 1-Allows Sophisticated but non Accredited investor2-1st Liens only3-Performing Seasoned Notes4-3yr term or less5-Monthly income stream6-$50,000 or less investment7-50% or less ITV8-Servicing in place9-Passive10-10% plus return 11-Buy back Non-Performing notes after 90da at paid price less payments received.12-Home values around $100,00013-SDIRA qualified 

Especially if you are planning on taking our mortgages on these homes (You should be, OPM is the main draw to REI)Going to someone a little more sophisticated then H.R. block is a good idea, let's not forget that what you pay your CPA to prepare your taxes is also a write off.You would need to check with your insurance provider which states they service.

If you are not accredited, there are deals where syndicators will take a limited number of non - accredited / sophisticated investors so you could get started now.For instance, you may get that mobile home parks (MHP) is a great place to put some money, but you love to be active in MF because that is your passion.  

Really no other way around that unless you get to point where you are sophisticated enough, develop enough relationships with the bank, and can show the bank that they don't need your personal guarantee to protect their interests.

There is no reason any regular, honest sale should be via a quit-claim deed unless both parties are sophisticated enough to understand the ramifications.

The more sophisticated a seller is, the more likely they are to seller finance.