This may be fine for sophisticated buyers/investors, but I wouldn't want to see new buyers in this situation.  

While many are self managed, sophisticated buyers (when it comes time to sell) will be factoring this into their underwriting.

But, there are "sophisticated" investor exceptions within 506b.If you attempt to take part in a 506c offering, the sponsor will require verification of your status. 

The interest rate and terms seem most dependent on perceived risk, LTV, property quality, borrower strength and experience, and sophistication of lender.If I misunderstood your questions please be more specific and I’ll try again.

It has expense tracking and maintenance tracking features as well if you want to use that to track your expenses but it doesn't create any sophisticated reports so you will need to create your own spread sheet anyway.  

This is selling a security which incurs SEC guidelines that you have to follow and the process is fairly sophisticated.

They're not yet sophisticated enough to beat an experienced underwriter.

Non-accredited investors can participate if they’re considered “sophisticated investors.”

If you are here, concerned about returns and sophisticated enough to properly analyze investment properties, you're beyond Ramsey.

@Bradley Ritter As mentioned in other posts, it will take $10k to $30k to have an attorney draft your Private Placement Memorandum (PPM), operating agreement, subscription agreement, and subscriber questionnaires for an offering issued under a Reg D, 506 (b) exemption, which allows non accredited but sophisticated investors.