I don’t understand how to use this instrument for a tenant by law situation. 

The Fund’s principal investment risks include: Issuer Risk, Credit Risk, Interest Rate Risk, Liquidity Risk, Reinvestment Risk, Fixed Income Securities Risk, Derivative Instruments Risk, Securities Lending Risk.

I think that one of the main reasons that investors decide to chase for private money instead of hard is because of the hefty price tag you have to assume in a hard money transaction.I do understand that you guys hard money lenders are in a very risky business and you have to compensate the risk by charging high interest and fees, but the reality is that every time that I have a deal I do my numbers with hard & private money scenarios, and most of the times hard money makes the transaction either unsuitable to purse or simply unprofitable.

If you look at the definition of a security here:www.sec.gov/about/laws/sa33.pdfyou find:(1) The term ‘‘security’’ means any note, stock, treasury stock, security future, security-based swap, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, any put, call, straddle, option, or privilege on any security, certificate of deposit, or group or index of securities (including any interest therein or based on the value thereof), or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency, or, in general, any interest or instrument commonly known as a ‘‘security’’, or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any of the foregoing.I've highlighted some of the terms that could refer to a loan.Now, like Corey Dutton I don't really think the SEC trolls craigslist looking for these ads.

It used to be in the times when our country was founded a “gentleman” could shoot his musket, ride a horse, hunt, speak Latin, perform calculations with mathematics, play an instrument and dance.

The instrument he used (I cannot recall exactly now what it was) exacted very high payments that he simply couldn't make any more.On top of that, his yearly insurance was due to renew at the end of the month, and he certainly did not have the money to pay that.

I hope BP can be as instrumental in your future success as it has for me.

However, Borrower shall receive the Rents until (i) Lender has given Borrower notice of default pursuant to Section 22 of the Security Instrument and (ii) Lender has given notice to the tenant(s) that the Rents are to be paid to Lender or Lender’s agent.

However, you are not giving a mortgage unless you draft the security instrument and then you should also record it.

If either is unsuitable, nothing else matters.This research is conducted prior to any communication with the seller.