Only 3 properties for me, 12 units.

Because I have no compunctions in saying my wife is very much a Beta, far too good for me, and I am keenly aware that I am the definition of a Marginal Bob in many, many ways.

Rents are secure in multi unit blue collar and for me following the last dip in 2008 I still raised rents annually.

I vaguely remember reading that now, but I appreciate you confirming it for me

Most important being if you ever have to take out the rentals form S- corp, there will be a taxable event. 

I have a finance degree and I'd say that has been beneficial for me although I don't work in the field. 

So for me lack of prior ownership didn't really make a difference, although I would love to have the flexibility that sitting on an SFH with a lot of equity gives. 

Can anyone tell me what a RCT-101 form is for?

Per the SEC, the category for non-accredited is 506(b) offering under regulation D and you would file a form D with the SEChttps://www.biggerpockets.com/blogs/10191/72197-private-placements-506-b-vs-506-c

That hasn’t been an issue for me because I’m still rehabbing the second apartment so I’m there anyway.