The first consists of the general exemption, which means the sponsor just complies with the definition as defined by the SEC.  

Quote from @Patricia Smith: @Steven Wilson Hello Steven, I have sent you a message through BP.

(I recently saw an article in Forbes talking about the Bay Area’s shifting market) And if you aim to hold properties long term, keep your eyes on towns around the Bay that have had consistent rent growth.Here in my home market of Phoenix, I see investors branching out to places like Austin, Chicago, and even Omaha from what Ive heard because they recognize how trends can shift quickly.

@Fareen E. as long as you don't violate Fair Housing and are CONSISTENT, you can do whatever.If you require an ID from EVERYONE, you are safe.

Shoot me a message if you are open minded to that!

Message me if you would like his cell number. 

I'll shoot you a message!

Feel free to shoot me a message if you want to chat further.

Kind of hard to tell them to match or I go to the other bank when they are getting messages from the seller and escrow daily that we need to close ASAP.I can't actually push it off for too long since I don't know when the second bank will close and we removed contingencies a month ago.Signed with the first lender and had to swallow the points.Learned some interesting lessons along the way.

If you need anything - feel free to shoot me a message.