I do payroll for myself but that's only $40k a year the rest i take as dividends from my corporation.

I will say that on average though, the sellers are more sophisticated so make sure you know your numbers.

Without going into all the details, you will generally need to be either accredited, or a "sophisticated investor" to participate.

There are people who are not very sophisticated who can be sold almost anything when marketed well if they are given enough reassurances and never really informed of all the risks, I mean who does that in RE?

Selling the building would be a commercial transaction and would involve dealing with a more sophisticated (businesslike) buyer, in theory at least.

It tends to be pretty sophisticated investors and we pick a topic beforehand and then let conversation led the group.There is also another group that met once I do not know if it is going to meet again. 

From all the cheerleading here, we can see that a little sophistication is needed.

It's a relatively sophisticated tool.  

I am a financial analyst that works on billion dollar corporate acquisitions so I see a lot of structures, but a lot of them seem way too sophisticated for the small time real estate investor.Any help would be greatly appreciated!

And even if one has a very sophisticated system to feed seller leads, they know wholesaling is just another J.O.B.