If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff. 6.

Thanks for the tips regarding verification of all info.

However I thought I would post here to to document this experience for anyone else who might find themselves in this situation and to ask are we the crazy ones for standing our ground or is this the broker in charge from hell?

I presented a cash offer and 'subject to' and explained the 'sub to' to them.They are not interested in sub to and asked if I wanted to buy the property for what they owned on it?

I also tested their social security number verification by using a number that I know does not match the name, and it came back as "validated"! 

@Steeve Breton from my understanding, once there is a non-accredited investor in a 506b deal, there are a few additional pieces of self-verification information that the Sponsor must collect, and once they have to collect if from NA folks, they must collect it from ALL.

I'm looking to learn, network and grow financially and mentally and branch out to to other areas of real estate, and look forward to soak up everything I can.Cheers,Doug  

Solution: Unless you are intimately familiar with the local market, demand third-party verification of the value of the property, ideally via an appraisal.In the event of a default, getting the property back might be a huge hassle - If your borrower does stop paying you, you're going to have to foreclose to get the property.

Not fluffy income used for depreciation or some perceived tax benefit. real solid figures you can take to to bank. 

If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff. 6.