If you are accredited, there are deals that target that type of CoC return each year, paying you distributions quarterly along the way and w/some upside in refinancing and sales down the road that could get you in the high teens to 20% IRR over 5 year type hold periods.  

Can you get your license online, if so are there accredited schools, or a gov site that you get it on?

Hi @Alysa Phalen, if you're an accredited investor who is seeking to defer your capital gains tax but doesn’t want to be a landlord anymore you might consider learning about reinvestment into DSTs (Delaware Statutory Trusts).

As an accredited investor, I invested as a Limited Partner in a project in Cincinnati. 

Generally to use these service you will need a license or accreditation such as a broker or attorney, an office with a locked door and locked cabinet, however you can pay for the same information through services like Belleslink.  

Hi @Sam Dogen, if you ever want to take your appreciation out of CA and defer your capital gains, you might want to also consider syndications if you qualify as an accredited investor.

I wanted to include an excerpt from this LA's website: "(name), Accredited Buyers Representative (ABR), will represent you with your best interests in mind at all times and will work to negotiate the best deal possible for you.

You are limited to 35 or fewer unaccredited investors so you are probably right that accreditation doesn't matter as long as you stay under the limit.

The property you mentioned does not have good highway access, you can likely hear planes landing and taking off at the airport and it seems to be in the Mcluer South school district which is one bad year away from losing accreditation.

Your typical accredited investor would not, but family trusts or other institutional investors who are solely seeking a specific return may actually prefer it.