It took every bone in my body to stop myself from suggesting a subject line that I came up with.

In both cases, syndication would be needed with a securities attorney.Here is the list of promissory notes recognized by the Supreme Court as NOT being securities is a compilation of nearly random examples:Notes delivered in consumer financing.Notes secured by a mortgage on a home.Short-term notes secured by a lien on a small business or some of its assets.Notes evidencing a “character” loan to a bank customer.Short-term notes secured by an assignment of accounts receivable.Notes that formalize an open-account indebtedness incurred in the ordinary course of business.Notes given in connection with loans by a commercial bank to a business for current operations.And the determining factors for how a court will judge it to be a security or not are :Whether the borrower’s motivation is to raise money for general business use, and whether the lender’s motivation is to make a profit, including interest.Whether the borrower’s plan of distribution of the note(s) resembles the plan of distribution of a security.Whether the investing public reasonably expects that the note is a security.Whether there is a regulatory scheme that protects the investor other than the securities laws (e.g., notes subject to certain banking regulations).Again, consult an attorney.

With that being said, I support more resources for the primary revenue generating body of the United States.

It's not worth it.The primary governing body of the real estate appraisal business is the appraisal foundation and the appraisal qualifications board.

I love the work I do but it just won't cut it for my family's future or the future condition of my body.

But each extra body = more trash, more towels, more sheets, more dishes, more cleaning, more wear and tear, more potential damage, Etc...In one of our places, we actually converted 2 of our 4 bedrooms into a yoga room and office respectively, to cut down on the number of potential guests and problems.

(Question accidentally posted twice, body of question in other post).

You need to look at regulatory burdens and annual tax.

Just to name a few there is OSU college which is a real estate super power that develops land and buildings at a crazy pace, L Brands (Victoria Secret and Bath and Body Works), and Battelle a well-known large government research facility. 

Hello - does anyone know if there are specific licensing or regulatory to originate hard money loans?