You can also get away with higher fee's in places where people are drinking or out on the town.

I shows my what dates people are searching for this year and last year.

So I'm good at finding people.

Also, I think you need to have an accredited investor status before you can invest, so that may explain why you don't have as many people talking about it.

And I don't think it is as clear cut as people are saying.

They call it a tribe, a family, or something similar, giving people the sense they belong to something special—often creating a tight-knit environment that makes it harder to question what’s really being offered.So, what’s the takeaway?

To me, that can be done in many asset classes, but I think most people associate it (nowadays) with single family residential investing.

These are people whose full time job is to effectively manage the assets on behalf of the investors. 

Is this how most people do it? 

Unless it's cost-prohibitive, I'd remove it for the same reasons people have stated: 1.