As to the mentioned podcast, which I won't mention again, there were other issues concerning the population being served, low and moderate income, by race that were issues for that author in those transactions, it is full of financing compliance issues and much of such matters are beyond the training any RMLO receives to obtain a license.

From the horse's mouth, if you can believe it. 

So I am copying this straight from the SEC website (straight from the horses mouth). https://www.sec.gov/answers/rule506.htmRule 506 of Regulation DRule 506 of Regulation D is considered a "safe harbor" for the private offering exemption of Section 4(a)(2) of the Securities Act.

Michael,No need to beat a dead horse.

Housing for Older PersonsThe Fair Housing Act (FHAct) protects all residents from discrimination on the basis of race, color, national origin, religion, sex, handicap or familial status (families with children under the age of 18 living with parents or legal guardians; pregnant women and people trying to get custody of children under 18).The "Housing for Older Persons" Exemption: The Fair Housing Act specifically exempts some senior housing facilities and communities from liability for familial status discrimination.

Under the federal Fair Housing Act, landlords who live in a property with four or fewer rental units (this would include airbnb rooms) are exempt from all but one aspect of the federal law: They may not advertise in a way that indicates a preference for (or against) members of a protected class (race, color, religion, national origin, sex, familial status and disability).

@Althea Herlock - Welcome to the vibrant BP community.Your objective is to learn as much as possible in a short time, but, I hasten to remind you that REI is not a sprint race, but, a marathon.Yes, as a New Yorker I clearly understand your logical reasoning for making the transition to Atlanta.Good luck and best wishes with your REI activities.Below, are some links that will get you acquainted with buy and hold as well as flip transactions.http://www.biggerpockets.com/renewsblog/2014/01/07/flipping-houses/http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/Lastly, this site thrives on interactions.

And no water, the horse will not drink it!

Thirty years in the rat race and in a few years if I play this right, I could surpass all W2 earnings with cash flowing rental real estate.

Clearly no need to beat a dead horse and you have already made the informed and intelligent decision to deny, however, for all readers, the lesson here is two fold.1.