There are also several treads on BP explaining what you can and cannot do.Do not present an offer to any potential investor until you have a significant relationship with them and know that they are qualified and are a good fit for the level of risk in your deal.

Please explain how does it works (usually) in both cases....Thanks.

Or you can just contact the listing agent directly explain that you are a disciplined investor make your best offer and see how they respond.This will save a lot of time and energy.

Can someone with experience in this area direct me to a source explaining what the current SEC guidelines are for being an accredited investor.

I explained to the landlord who was also an agent that I didn't want to sign a year long lease because my credit issue would be fixed within a month or two and I was trying to find a 4-unit building to owner/occupy and if they worked with me I would use them as my agent or buy one of their properties if they would finance.

I explained to him that it just so happened that I had a buyer call me yesterday that is looking for 250-500k rehabs and this would fall into that category.

Have they explained their secondary exit strategy sufficiently?

If someone local here in the dallas area please explain what the heck is going on?!?!

He explained that I will pay no payments during the six months but he collects his interest, insurance, and taxes on the property for one year up front.

Explain what you are doing and ask if you can put them on your buyers list.