I could very well be wrong, but if that’s my perception, it’s probably other people’s perception.

Under 506(b) you can raise capital from both accredited and sophisticated investors (up to 35 sophisticated investors), but the catch is you cannot solicit investors and can only raise capital from investors with whom you can demonstrate a substantive pre-existing relationship.

Here's a link.https://www.biggerpockets.com/member-blogs/9232/55313-intro-to-section-8---your-perceptions-vs-my-realities

So, we are not wanting to spend a lot of money of something sophisticated just something simple and quick to get the job done.

I would look at your lease as some leases are getting sophisticated with adding language of such.

The perception is that one has to do little to no work and thats what suckers alot of people in.

I have looked at Argus and it cost thousands and thousands of dollars.I found it to be too cumbersome.For me I would use a system for my own buying as well as creating reports.Argus is best utilized for buying big properties where you have a bunch of analysts crunching the numbers for a huge acquisition.I can do the spreadsheet thing but I spend a lot of time on the phone with clients and wanted to automate as much as possible in sending out information.I find the level of investor sophistication varies as well.Some want to look at a bunch of numbers and others just want basic info.Thanks for the replies.

If a seller is not represented and it's between the two of you, you might get with the seller (depending on how sophisticated they are) and ensure what you have agreed to will actually fly.

My agent gets the more sophisticated set.

., We made $12,800 for our 6 months of efforts.People have this perception of short sale flip investors that we're out here and our only concern is to make a buck, but there are a LOT of us who genuinely care about these sellers and want them to walk away more than satisfied with what we've done.