You are considered to be a “sophisticated investor” against an “innocent victim”.

They are snoozers that in my opinion would not be the first choice of a sophisticated investor. 

Betting that is going to happen again while new smart participants have entered the market(sophisticated players like black rock) and retail (everyone who watches finance youtube knows about real estate) I think is a foolish bet.

The data we have seen shows obviously Malls, Hotels, Casinos, Strip Malls as being hit the hardest. 

Mine was an MBA, CPA, CFA, and holds multiple other profession accounting designations that are more sophisticated than a CPA.

Quote from @Bradley Buxton: @Dave MeyerRegardless if the numbers the stock market seems to be more of a VC casino than a wealth building strategy.  

Sydicators have popped up like weeds the past few years and not all of them are very sophisticated, some are downright malicious.

Note one of the syndications I am an LP uses this strategy and a very friendly local ADU law as their sophisticated value add.  

Over the years I've built up a decent list of syndication sponsors who will take capital from a sophisticated investor like myself, particularly via  506(b) raise.

@Richard Chover,You're in a good area for it with the wineries and casino.