Having said that, my assessment on downtown multifamily is purely my perception and has no basis in data right now.Aaron

Some only accept accredited investors some also accept non-accredited but sophisticated investors for their deals.There are great webinars, podcasts and blogs on this exciting and much more scalable subject.

Some only accept accredited investors some also accept non-accredited but sophisticated investors for their deals.

Thanks for your feedback, I hope to be in these talks in the foreseeable future.You don't have to be accredited if a) you have pre-existing relationships with a sponsor and b) that sponsor does 506(b) offering that accepts sophisticated investors. 

I'm new in buy and hold, that;'s why i'm trying to get better perceptive from others and hopefully learn something.

You can participate as an LP/investor which requires you to be either a sophisticated or accredited investor (depending on the way the deal is structured). 

When I think about this living situation, I view it as more of a "college living" situation, I guess my perception is hindering me.

Its a very sophisticated structure, so just make sure you know and understand the mechanics of it.

The underwriting isn't sophisticated, but most of the sellers are copy-cat deal makers, so most don't know any better. 

This is also why sophisticated investors only look at IRR because one has to look at an investment over the entire holding period by accounting for the magnitude and timing of cash flow.