These 2 attorneys are REIA & PIN sponsors: Matt Weisenburger & Tim Alley.

The sponsor with who I'm discussing possible investments has said that I will have to contribute to a reserve fund which will be used for repairs and improvements.

My financial plan involves maxing out retirement accounts (employer-sponsored 401k and separate Roth IRA) and paying off my large student loans in 5 years. 

If I just inherited $100k my strategy fr investing in commercial would be to passively invest with established sponsors/investors.

Those are the top two resources for Borrowers and Lendershttps://www.scotsmanguide.com/Residential/LenderSe...https://privatelenderlink.com/And meet with other investors in your area...Ask them which Lenders they are using.Don't just use the Lenders who have Sponsor Booths/Tables at your Local REIA...There is a Plethora of Great  Debt & Equity Lenders Out There.Some Local Lenders are Lowkey, and sometimes better than Nationwide Lenders...And Vice Versa ☺

They're sponsors for a club of mine, and they're walk you through the deal as well.

@Stephanie GulbronsonGenerally speaking, converting what could be treated as passive income to earned income capable if sponsoring a solo 401(k) is a losing proposition.

If you bought this thru the workshop you have mentioned on other posts, then you should have the program sponsor working with you to get this resolved.

. ****** this is not covered in the Act, however there is nothing to say that an RMLO can't make an affidavit of opinion as to compliance or applicability to the Act, they certainly may, if their sponsoring broker/lender allows them to, an independent mortgage broker might be the best choice.**** this is not covered in the Act, it is an audit trail as there are record retention requirements and an RMLO should keep records of anything s/he puts their seal to.In the note business, any investor who buys a note secured by a covered property can get hung on the discount later on as such notes filter into the market, I suggest you not buy a note concerning a covered property without a seal, either showing compliance of origination or a statement of exemption. :)   

Have either of these sponsors weathered a storm or recession before?