So there’s extra liability on the GPs when allowing sophisticated investors in. 

There are always deals to be had, but as the market gets hotter & hotter, you have to be extremely picky, and usually its the sophisticated investors who can still execute on the decent deals because they have the contacts, the track record, understand the risks, can pay cash & can close quickly.

And they were doing things at a lot more sophisticated level. 

We've been up to the area a few times, a lot to take in, different areas, colleges, hospitals, and the casino's.

If I were investing out of my market I would be a lot more sophisticated in my research. mainly I would be watching job growth.

that's where you want to go hunting.I'm not a lawyer, but a financially sophisticated woman will understand that an engagement ring worth less than $14,000 probably avoids any question over whether the ring is subject to the gift tax.

You can take massive risk and bet on the lottery or in a casino.

However, there will most likely be a room full of sophisticated and accredited investors.Do you need passive investors to provide capital for you to help you buy deals in your syndications like @Jay Hinrichs said?

@Walter Ciucevich There are lot of sophisticated ways to evaluate multi family properties.

Although the public sentiment still seems to be gloomy on Atlantic City with new casinos popping up all over NJ and PA, we think there is and will continue to be a large enough volume of visiting beach/casino goers and local job base to support AC surviving.