One principal purpose of the accredited investor concept is to identify persons who can bear the economic risk of investing in these unregistered securities.Unlike offerings registered with the SEC in which certain information is required to be disclosed, companies and private funds, such as a hedge fund or venture capital fund, engaging in these exempt offerings do not have to make prescribed disclosures to accredited investors.

Here are the key questions to think through before you get it going:1) what do you want to buy2) how much can we afford3) how will you pay for it 3) what are you going to do with it afterHere is how we tackled this challenge:1) Find a reputable and responsive agent to work with: we worked with @Sharon Tzib2) Get pre-qualified with a good and local lender that work with investors: we usedd Rochelle Frazeur from New American. 3) Use some good MLS criteria to set up lists with your agent3) Find out how to identify a good deal: We got our hands on some good cash flow analysis calculators (thanks to @Sharon Tzib) and we used the calculators on BP as well4) Make neighborhood visits to those areas of your interest5) Find other venues to meet up with other investors or go to workshops and meet up's: We've attended BP meet up in Houston, events with Jet Lending, meeting with Wholesalers, and we've met one-on-one with other investors6) Look for non-MLS sources to find properties for sale: wholesalers, and local listing through Rich club or word of the mouth7) Talk to the property manager if you are planning on using on.

What has been your challenge in getting into real estate in the area?

 Hello and thanks for engaging a convo.  

. § Those engaged in the sale of manufactured homes that also engage, even once, in facilitating a credit transaction have been reclassified) for Treasury Department purposes as “lenders”. § There are very serious consequences for not accepting those compliance responsibilities. § The Treasury Department has signaled they will not tolerate “loopholes” and they are working to broaden the base of those who must comply with the end goal of including every business that deals with big-ticket transactions or any other transaction where larger amounts of money change hands. § An unstated, but underlying goal, is to track all cash movement in the United States so as to also ferret out and destroy any underground economy that exists in the United States in order to collect taxes on monies currently going unreported.

Has anyone ever challenged this system or have an attorney you can refer me to help with something specific like this?  

The South Florida market in general  (and Miami where I am from) can be quite challenging to find the very good deals.

BP world,I am looking to get financing for several upcoming deals, however finding honest and fair private financing can be a bit of a challenge and convoluted.  

I'm engaged in assisting investors identify lucrative turn key rental properties in various markets that are available, but not listed. 

Not only will you gain valuable experience, but you'll also save some money. apparently he lives in Cleveland and the property is in Detroit, would that pose a challenge in self-managing a property?