>300k income joint, >200k income single, or >1m excl. primary residence in any event.
Paraphrasing an attorney from years ago: The risk of lying to invest in something only open to accredited investors is colossal both to the entity raising funds as well as to the investor, and it can/does get caught during diligence, so it's not so much an honor system as it is something that inevitably gets audited/managed either down the road or especially when something goes wrong.
This may have changed and my recollection may not be accurate. Lastly, this isn't legal advice given that I'm not a lawyer.
Paraphrasing an attorney from years ago: The risk of lying to invest in something only open to accredited investors is colossal both to the entity raising funds as well as to the investor, and it can/does get caught during diligence, so it's not so much an honor system as it is something that inevitably gets audited/managed either down the road or especially when something goes wrong.
This may have changed and my recollection may not be accurate. Lastly, this isn't legal advice given that I'm not a lawyer.