Carl,I would ask “why wouldn’t you use other people’s money if the returns are so good?”. I’ll break this down on a calculator. Let’s say Jefferson’s park nets $25,000 on the year. We’ll say this represents a healthy 25% return on an initial $100,000 equity investment for a particular park. Jefferson’s investors will get the first $8,000. Then, Jefferson and his investors split the remaining balance of $17,000. So, the score at this point is:Investors: $16,500Jefferson: $8,500Now, lets look at the return on investmentInvestors: $16,500/$100,000 = 16.5%Jefferson: $8,500/$0 = ErrorThis is a classic win/win. The investors are earning 16.5% for doing nothing more than throwing money at Jefferson. Jefferson is investing no money (only time and know how) and making $8,500 on the deal.Now, run this scenario over and over again until you own a massive portfolio that is fully diversified across many different markets. (much lower risk than owning one or two parks) Which you can do if you make it worth while to your investors. (i.e. raise the money for the special deals) Syndicating money on deals is definitely the way to go if you have the know how, a track record to back it up, and you take care of your investors. After all, it’s pretty much how Donald Trump became Donald Trump.Your other point on the requirements are an SEC rule for crowd-funding. You are not allowed to pitch your fund to persons who are not “Certified Investors”. I’m not an expert on the subject, but my thinking is that the SEC would like to keep inexperienced investors out of these types deals as a way to protect them from getting swindled. The assumption is that if you have that type of wealth, you probably know what you are doing.