It also requires gaining a level of sophistication and knowledge that not everyone has the time, inclination or ability to do.

We believe the above serves to show thatArbor’s loans are not being made to the most sophisticated or financially sound borrowers, and some of themhave already hit hard times"

It will be unlikely that a sophisticated or  knowledgeable investor would be the money partner on a deal with someone with no experience.If he instead partners with someone with experience, he can piggyback on the experienced investors success.

We then turn everything over to the owner.If you don't know what you're doing, there are so many missteps you can make along the way and believe me there are some sophisticated scammers out there these days. 

I was thinking that I would want to build a team in a market before I buy anything, so I wanted to evaluate 2-3 property managers ahead of time, to find the best fit.I have not thought of the tire-kicker perception it might create, so I will have to consider ways to mitigate that.Thanks for the tip!

Also I would contact them to see if there funds are only accredited investors or open funds to sophisticated investors

Sophisticated investors look at everything through a lens of risk vs. reward.

If I've stated anything incorrectly this is just from my perceptive.

You really do not need anything sophisticated if the arragement is a 50/50 investment. 

The kitchen and bathroom have been tastefully updated, and the inclusion of brand new stainless steel appliances adds a touch of sophistication.