Quote from @Tayvion Payton: Hey everyone,I'm evaluating a multi-family deal and could really use your insight.

Everything was progressing smoothly until I met the appraiser to provide access to the property.Right away, I sensed something was off.

You Can Only Have 35 Non-Accredited InvestorsRule 506(b) allows an unlimited number of accredited investors but restricts you to only 35 non-accredited investors.However, there’s a catch:Non-accredited investors must be financially sophisticated.They must have enough experience to evaluate the investment risks.From the SEC:“Securities may not be sold to more than 35 non-accredited investors… [who] must meet the legal standard of having sufficient knowledge and experience in financial and business matters to be capable of evaluating the merits and risks of the prospective investment.”If you’re planning to include non-accredited investors, make sure they qualify—or you could be violating SEC rules.3.

Some have closed deals, others have deals under contract, and any progress (big or small) is celebrated.    

Most times when evaluating a DSCR mortgage, market rent will come into play.

It's important to take the time to evaluate the goals and seek professional advice to ensure the right fit.

Does anyone know how insurance companies evaluate these properties and whether or not real value can be realized for insurance for renovation? 

Right now evaluating potential markets, I'd like to find one to focus on for my first 3 properties (building knowledge in a specific market). 

To this point they have been progressively uncooperative, which has me really reconsidering the deal.

The seller is out of state and even visited the project a few times to check on the progress which I think helped him feel good about the whole deal as well. technology made the whole process a lot easier in the interim.