If I may be so bold as to toss my tidbit into this fray...
@Shawn Hughes, there is a monthly Arizona REIA meeting focused on Note Investing. Join AZREIA and the Phoenix Real Estate Club before buying into anyone elses strategy, company, investments, or whatever. The next PREC meeting is on the 28th, and there you'll find at least a few note investors who would be happy to bring you into the fold and talk your freakin' ear off (they're old and rich and love to chat ;) - most NOTEably (see what I did there?) this guy:
http://www.aznoteguy.com/
FULL DISCLOSURE
I am neither old nor rich nor love to talk (I like listening, though) and I have been an AZREIA member for all of 3 months (same as my BP membership), haven't landed any deals yet, and have never attended the Notes Subgroup nor do I know a single damned thing about notes or note investing...yet.
http://azreia.org/
$200 a year covers both clubs, and most meetings are held at the same place in downtown. The Subgroups are outstanding and informative, and the main meetings are fantastic networking opportunities even if you don't know a single person. You'll at least see me at most of them, feel free to PM me and I'll see you there!