They did ok but IMO were not sophisticated investors either.

You will have to walk through your own detailed analysis and get back up documentation (e.g. contracts, bills) to confirm everything possible.A larger scale owner probably used more 'sophisticated' systems.

You have to be sophisticated and truly understand the investment you are getting into.

It is a sophisticated and powerful retirement plan that puts you directly in control of your retirement savings, and directly responsible for adhering to IRS rules.  

you can ping me off line.. its a sophisticated note product that is not talked about on these forums.. 

However, with a more sophisticated seller, you're more likely to see these kinds of deals succeed.So, I guess that obstacles count as a con - it may be better to avoid all the hassle by just using regular channels.A pro I can think of is being able to negotiate your own terms.

@Matt K. if tenants are sophisticated and motivated enough to link you to related entities, then we've got much bigger problems lol

Even sophisticated folks rely, at best, on databases like CoStar and REIS which hardly provide any big data analytics.

Cozy wasn't quite as sophisticated, but did the trick for the last year.

If you paid $10k for the down payment and closing costs of the investment, then your very first cash flow is NEGATIVE $10k.I think because there are so many investors that have not learned the sophistication of the calculations, they become emotionally against a NEGATIVE cash flow even though the very FIRST cash flow is NEGATIVE.That's because they really only understand a definition of Cash Flow which does not actually involve the flow of cash!