Another rub is wholesalers are very unsophisticated players in the market so the deals you do get will have issues/problems/etc. that you will have to solve if you want to close the deal.The wholesalers who have a more sophisticated business structure will keep the good deals for themselves and resell the deals that are near market once the wholesaler's markup is added.

Ignoring proper fundamentals may work for a few of the more sophisticated and experienced investors, but they will and should always have a specific reason why they are transacting unconventionally.

If you don't solicit and only take investors that you have a preexisting relationship with at the time of your deal, you can syndicate under rule 506(b), which is generally cheaper, easier, and allows you to take "sophisticated" investors. 

I can share several other more sophisticated strategies too.

Up to 35 sophisticated (unaccredited) investors and unlimited accredited investors.4.

Originally posted by Account Closed:  Your questions are more sophisticated than most and I think there are few people on BP able/willing to take a crack at it.

In larger multi family deals the sellers are generally more sophisticated and aren't going to fire-sell a deal.

Or is it for more sophisticated investors?

Often times, the sellers are not as sophisticated.

The ones it may affect more are the more sophisticated buyers, but I still don't think that is enough to make a dent.