But, maybe accredited investors like these sellers aren't afforded that type of protection like the general public.completely apples to Oranges  accredited investors with muli million dollar properties are not unsophisticated average joe or jane who has no clue.. and owners of big commercial properties don't want to deal with unsophisticated buyers.. buyers have to prove they can buy.. not just say they can  big difference. 

@Amanda Fox We moved to Orange County CA from Shasta County after the market crashed.

When I say "Good old boys" I mean Mr Gulley is clearly respected by the "in crown" for good reason too, I was just pointing out something I noticed idc if he's black, white, orange or see through. 

I often hear that letters have a higher response rate, but it's apples and oranges to compare, because the letter might say:"My wife and I want to $$BUY$$ your house..."

I can say what you're asking is to compare an apple and orange. 

BTW its orange.

I'm only going to answer first point here.What your asking is like me saying "which city in SoCal should I buy in, LA, Orange County or San Diego" they have their own pros and cons and unless you find someone that's live in all three cities or invests in all three the answers are going to be weighted/bias.The Cap rates have reduced because many out of state investors have come into the market and raised the costs of purchasing these homes.

That's apples to oranges.