I Was wondering how raising funds with with the 506c and 506b work with an investor accredited and nonaccredited.

Contractor - needs to have 203k experience or at least 203k education along with sufficient financials to afford the start up costs and ongoing expenses on 203k projects; best to use a contractor who has the accreditation as a Certified 203k ContractorThere is a great FAQ for the 203k on that 203k Contractor site that actually discusses the recommended steps for a successful 203k.203k's will take an extra 15-30 days to close but are quite easy to do with the right people helping you.

A DST is a great option if you're an accredited investor, and you're looking to go a more passive route.

Wholesaler may go through private training programs but they are not accredited.

Part of me wishes I'd discovered passive real estate investing earlier, but the truth is today's regulations allowing non-accredited investors didn't exist yet at that point.

I second the research syndication route, especially if you are an accredited investor.  

This is shaping up to one of the greatest (if not the greatest) real estate Ponzi scheme in the last decade.especially since there are other options for the 50k cash investor like a nice little solid performing note.. don't need to be accredited make 8 to 10% coc and be in the asset far less than what the owner paid for it.. or its value.. and the assets are already rehabbed and running.shoot what a waste of investor capital this was 

There is an accreditation called Certified 203k Contractor that verifies all that for you. 

I am a non accredited investor and have been looking for syndications to build my passive investment portfolio. 

You might find that a significant percentage of your prospective investor base is sophisticated, non-accredited investors.